Shares of Sailpoint Inc (NYSE:SAIL - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation 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.
A number of research firms have issued reports on SAIL. BMO Capital Markets initiated coverage on Sailpoint in a report on Monday, March 10th. They issued an "outperform" rating and a $26.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Sailpoint in a report on Monday, March 10th. They set a "neutral" rating and a $25.00 price objective on the stock. TD Cowen initiated coverage on Sailpoint in a report on Monday, March 10th. They set a "buy" rating and a $30.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Sailpoint in a report on Monday, March 10th. They set a "neutral" rating and a $23.00 price objective on the stock. Finally, Evercore ISI initiated coverage on Sailpoint in a report on Monday, March 10th. They set an "outperform" rating and a $29.00 price objective on the stock.
Check Out Our Latest Report on Sailpoint
Institutional Investors Weigh In On Sailpoint
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in shares of Sailpoint during the 1st quarter valued at $94,194,000. Alliancebernstein L.P. bought a new position in Sailpoint during the 1st quarter worth approximately $55,644,000. T. Rowe Price Investment Management Inc. purchased a new stake in Sailpoint in the 1st quarter worth approximately $46,875,000. Ameriprise Financial Inc. purchased a new stake in Sailpoint in the 1st quarter worth approximately $42,585,000. Finally, Stephens Investment Management Group LLC purchased a new stake in Sailpoint in the 1st quarter worth approximately $23,213,000.
Sailpoint Stock Down 1.5%
SAIL stock traded down $0.26 during trading hours on Monday, hitting $17.35. 627,339 shares of the stock traded hands, compared to its average volume of 1,958,065. The firm has a 50-day moving average of $17.99. Sailpoint has a one year low of $15.05 and a one year high of $26.35.
Sailpoint (NYSE:SAIL - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported ($4.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($4.28). The company had revenue of $240.10 million during the quarter, compared to analyst estimates 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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