Sailpoint (NYSE:SAIL) Price Target Raised to $26.00

Sailpoint (NYSE:SAIL) had its price target hoisted by Mizuho from $24.00 to $26.00 in a report issued on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

SAIL has been the topic of a number of other research reports. JPMorgan Chase & Co. assumed coverage on shares of Sailpoint in a report on Monday, March 10th. They set a “neutral” rating and a $25.00 target price on the stock. BMO Capital Markets started coverage on shares of Sailpoint in a report on Monday, March 10th. They issued an “outperform” rating and a $26.00 price target on the stock. Bank of America started coverage on shares of Sailpoint in a report on Monday, March 10th. They issued a “buy” rating and a $27.50 price target on the stock. Truist Financial started coverage on shares of Sailpoint in a report on Monday, March 10th. They issued a “buy” rating and a $29.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of Sailpoint in a report on Monday, March 10th. They issued a “neutral” rating and a $23.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Sailpoint Trading Down 3.0%

NYSE:SAIL opened at $22.61 on Wednesday. The business has a 50 day moving average of $18.03. Sailpoint has a 12 month low of $15.05 and a 12 month high of $26.35.

Sailpoint (NYSE:SAIL) last posted its quarterly earnings results on Wednesday, March 26th. The company reported ($4.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($4.28). The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $229.69 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIL. Stephens Investment Management Group LLC purchased a new position in Sailpoint in the first quarter worth $23,213,000. Allianz Asset Management GmbH purchased a new position in Sailpoint in the first quarter worth $3,496,000. GW&K Investment Management LLC purchased a new position in Sailpoint in the first quarter worth $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Sailpoint in the first quarter worth $1,683,000. Finally, Assetmark Inc. purchased a new position in Sailpoint in the first quarter worth $32,000.

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.