Sailpoint (NYSE:SAIL) Given New $25.00 Price Target at Barclays

Sailpoint (NYSE:SAIL - Get Free Report) had its price target hoisted by stock analysts at Barclays from $23.00 to $25.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 7.30% from the company's previous close.

SAIL has been the subject of a number of other reports. Royal Bank of Canada started coverage on Sailpoint in a research note on Monday, March 10th. They issued an "outperform" rating and a $27.00 target price for the company. Mizuho raised their price objective on shares of Sailpoint from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday. Morgan Stanley dropped their target price on shares of Sailpoint from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Bank of America initiated coverage on shares of Sailpoint in a research note on Monday, March 10th. They set a "buy" rating and a $27.50 price target on the stock. Finally, Truist Financial assumed coverage on Sailpoint in a report on Monday, March 10th. They set a "buy" rating and a $29.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Sailpoint has a consensus rating of "Moderate Buy" and an average price target of $26.50.

Sailpoint Price Performance

Sailpoint stock traded up $0.77 during mid-day trading on Thursday, hitting $23.30. 3,181,015 shares of the company were exchanged, compared to its average volume of 2,000,391. The business has a fifty day moving average of $17.91. Sailpoint has a 1-year low of $15.05 and a 1-year high of $26.35.

Sailpoint (NYSE:SAIL - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported ($4.29) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($4.28). The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $229.69 million.

Hedge Funds Weigh In On Sailpoint

Several institutional investors and hedge funds have recently modified their holdings of SAIL. Siren L.L.C. acquired a new stake in Sailpoint during the 1st quarter worth approximately $1,781,000. Woodline Partners LP bought a new stake in shares of Sailpoint during the first quarter worth $8,032,000. Zimmer Partners LP acquired a new stake in shares of Sailpoint during the first quarter worth $1,969,000. Goldman Sachs Group Inc. bought a new stake in Sailpoint in the 1st quarter valued at $7,546,000. Finally, Infinitum Asset Management LLC bought a new stake in Sailpoint in the 1st quarter valued at $1,875,000.

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.