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
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Get Free ReportSailPoint, 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.
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