Free Trial

Sailpoint Inc (NYSE:SAIL) Receives Average Rating of "Moderate Buy" from Brokerages

Sailpoint logo with Computer and Technology background

Sailpoint Inc (NYSE:SAIL - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $25.97.

SAIL has been the subject of several research reports. Evercore ISI initiated coverage on shares of Sailpoint in a research note on Monday, March 10th. They set an "outperform" rating and a $29.00 price objective for the company. TD Cowen initiated coverage on shares of Sailpoint in a research note on Monday, March 10th. They set a "buy" rating and a $30.00 price objective for the company. Truist Financial initiated coverage on shares of Sailpoint in a research note on Monday, March 10th. They set a "buy" rating and a $29.00 price objective for the company. BTIG Research assumed coverage on shares of Sailpoint in a research note on Monday, March 10th. They set a "buy" rating and a $27.00 price objective for the company. Finally, Barclays assumed coverage on shares of Sailpoint in a report on Monday, March 10th. They issued an "overweight" rating and a $27.00 target price on the stock.

Check Out Our Latest Report on Sailpoint

Hedge Funds Weigh In On Sailpoint

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sailpoint in the 1st quarter worth approximately $212,000. Natixis Advisors LLC acquired a new position in shares of Sailpoint in the 1st quarter worth approximately $835,000. Burkehill Global Management LP acquired a new position in shares of Sailpoint in the 1st quarter worth approximately $8,438,000. Assetmark Inc. acquired a new position in shares of Sailpoint in the 1st quarter worth approximately $32,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Sailpoint in the 1st quarter worth approximately $938,000.

Sailpoint Stock Up 0.4%

Shares of SAIL stock traded up $0.07 on Monday, reaching $17.61. 1,224,158 shares of the company were exchanged, compared to its average volume of 1,977,087. Sailpoint has a 1 year low of $15.05 and a 1 year high of $26.35. The firm has a 50-day moving average of $18.03.

Sailpoint (NYSE:SAIL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported ($4.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($4.28). The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $229.69 million.

About Sailpoint

(Get Free Report

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.

Further Reading

Analyst Recommendations for Sailpoint (NYSE:SAIL)

Should You Invest $1,000 in Sailpoint Right Now?

Before you consider Sailpoint, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sailpoint wasn't on the list.

While Sailpoint currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines