Sailpoint Inc (NYSE:SAIL) Receives $25.97 Consensus PT from Analysts

Shares of Sailpoint Inc (NYSE:SAIL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $25.97.

Several research analysts recently weighed in on SAIL shares. Evercore ISI started coverage on shares of Sailpoint in a research note on Monday, March 10th. They set an "outperform" rating and a $29.00 price objective on the stock. Royal Bank of Canada started coverage on shares of Sailpoint in a research note on Monday, March 10th. They set an "outperform" rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Sailpoint in a research note on Monday, March 10th. They set a "neutral" rating and a $25.00 price objective on the stock. Morgan Stanley dropped their price objective on Sailpoint from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group dropped their price objective on Sailpoint from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, March 31st.

Sailpoint Trading Up 2.6%

Shares of SAIL stock traded up $0.45 during trading hours on Monday, reaching $17.54. 1,698,053 shares of the company were exchanged, compared to its average volume of 1,987,835. Sailpoint has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The business has a fifty day moving average price of $18.03.

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

Institutional Trading of Sailpoint

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. acquired a new stake in shares of Sailpoint in the first quarter valued at about $32,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Sailpoint in the first quarter valued at about $49,000. Quarry LP acquired a new stake in shares of Sailpoint in the first quarter valued at about $70,000. Picton Mahoney Asset Management acquired a new stake in shares of Sailpoint in the first quarter valued at about $87,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Sailpoint in the first quarter valued at about $150,000.

Sailpoint Company Profile

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.