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

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.

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

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.