Zimmer Partners LP Buys New Position in SailPoint, Inc. $SAIL

Zimmer Partners LP bought a new stake in shares of SailPoint, Inc. (NASDAQ:SAIL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 105,000 shares of the company’s stock, valued at approximately $1,969,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in SailPoint during the 1st quarter valued at approximately $32,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in SailPoint in the 1st quarter valued at approximately $49,000. Quarry LP acquired a new position in SailPoint in the 1st quarter valued at approximately $70,000. Picton Mahoney Asset Management acquired a new position in SailPoint in the 1st quarter valued at approximately $87,000. Finally, PNC Financial Services Group Inc. acquired a new position in SailPoint in the 1st quarter valued at approximately $150,000.

Analyst Upgrades and Downgrades

Several research firms have commented on SAIL. Wells Fargo & Company upped their price target on SailPoint from $16.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, June 12th. JPMorgan Chase & Co. raised SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 price target for the company in a report on Wednesday, August 13th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of SailPoint in a report on Wednesday, June 11th. BTIG Research reaffirmed a “buy” rating and issued a $29.00 price target on shares of SailPoint in a report on Tuesday. Finally, Mizuho upped their price target on SailPoint from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, SailPoint currently has a consensus rating of “Moderate Buy” and an average price target of $25.48.

SailPoint Price Performance

Shares of SAIL opened at $20.66 on Wednesday. SailPoint, Inc. has a 1 year low of $15.05 and a 1 year high of $26.35. The stock has a 50 day simple moving average of $20.67 and a 200-day simple moving average of $19.99.

SailPoint (NASDAQ:SAIL) last issued its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm’s revenue for the quarter was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

About SailPoint

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.