SailPoint (NASDAQ:SAIL - Get Free Report) was upgraded by stock analysts at Stephens to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.
A number of other brokerages have also recently weighed in on SAIL. Arete began coverage on shares of SailPoint in a report on Monday, July 7th. They set a "sell" rating and a $16.00 target price for the company. BMO Capital Markets increased their target price on SailPoint from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Mizuho boosted their target price on SailPoint from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a report on Wednesday, June 11th. Finally, Cantor Fitzgerald started coverage on shares of SailPoint in a research note on Monday, June 30th. They issued an "overweight" rating and a $29.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SailPoint currently has an average rating of "Moderate Buy" and an average price target of $25.50.
Get Our Latest Stock Analysis on SAIL
SailPoint Stock Up 3.2%
NASDAQ SAIL traded up $0.64 on Tuesday, hitting $20.47. 2,505,429 shares of the stock traded hands, compared to its average volume of 2,737,022. The company has a 50-day moving average price of $21.34. SailPoint has a twelve month low of $15.05 and a twelve month high of $26.35.
SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $230.47 million for the quarter, compared to the consensus estimate of $225.18 million. The business's quarterly revenue was up 22.8% compared to the same quarter last year.
Hedge Funds Weigh In On SailPoint
Several institutional investors and hedge funds have recently made changes to their positions in SAIL. Captrust Financial Advisors boosted its holdings in shares of SailPoint by 35.9% during the second quarter. Captrust Financial Advisors now owns 21,338 shares of the company's stock worth $488,000 after purchasing an additional 5,637 shares during the period. Vident Advisory LLC increased its stake in shares of SailPoint by 31.2% in the 2nd quarter. Vident Advisory LLC now owns 43,588 shares of the company's stock worth $996,000 after acquiring an additional 10,356 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of SailPoint in the second quarter worth $1,183,000. Man Group plc raised its stake in shares of SailPoint by 161.9% in the second quarter. Man Group plc now owns 28,887 shares of the company's stock worth $660,000 after purchasing an additional 17,858 shares during the last quarter. Finally, Fortress Investment Group LLC boosted its stake in shares of SailPoint by 131.9% in the 2nd quarter. Fortress Investment Group LLC now owns 500,000 shares of the company's stock worth $11,430,000 after buying an additional 284,430 shares during the last quarter.
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.
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