Sailpoint Inc (NYSE:SAIL) Receives $26.03 Average Target Price from Brokerages

Sailpoint Inc (NYSE:SAIL) has earned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $26.03.

A number of research analysts recently weighed in on SAIL shares. JPMorgan Chase & Co. assumed coverage on Sailpoint in a research report on Monday, March 10th. They set a “neutral” rating and a $25.00 price objective for the company. Piper Sandler began coverage on Sailpoint in a report on Monday, March 10th. They issued an “overweight” rating and a $30.00 target price for the company. Barclays initiated coverage on Sailpoint in a report on Monday, March 10th. They issued an “overweight” rating and a $27.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of Sailpoint in a research note on Monday, March 10th. They set an “outperform” rating and a $27.00 target price on the stock. Finally, Evercore ISI initiated coverage on Sailpoint in a report on Monday, March 10th. They issued an “outperform” rating and a $29.00 price objective for the company.

Sailpoint Stock Performance

Shares of SAIL opened at $18.70 on Thursday. The business’s 50-day moving average is $19.11. Sailpoint has a 52-week low of $15.05 and a 52-week high of $26.35.

Sailpoint (NYSE:SAIL) last released its quarterly earnings results on Wednesday, March 26th. The company reported ($4.29) earnings per share (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 Investors Weigh In On Sailpoint

An institutional investor recently bought a new position in Sailpoint stock. Stephens Investment Management Group LLC acquired a new stake in shares of Sailpoint Inc (NYSE:SAIL) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,238,014 shares of the company’s stock, valued at approximately $23,213,000. Stephens Investment Management Group LLC owned 0.22% of Sailpoint as of its most recent SEC filing.

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.