Sailpoint Inc (NYSE:SAIL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Sailpoint Inc (NYSE:SAIL) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $25.97.

SAIL has been the topic of several analyst reports. Mizuho dropped their target price on shares of Sailpoint from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, May 15th. Morgan Stanley dropped their target price on shares of Sailpoint from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group initiated coverage on shares of Sailpoint in a research note on Monday, March 10th. They issued a “neutral” rating and a $23.00 target price on the stock. Jefferies Financial Group dropped their target price on shares of Sailpoint from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, Truist Financial initiated coverage on shares of Sailpoint in a research note on Monday, March 10th. They issued a “buy” rating and a $29.00 target price on the stock.

Hedge Funds Weigh In On Sailpoint

Several institutional investors have recently made changes to their positions in SAIL. Siren L.L.C. purchased a new stake in shares of Sailpoint during the first quarter worth $1,781,000. Woodline Partners LP purchased a new stake in shares of Sailpoint during the first quarter worth $8,032,000. Zimmer Partners LP purchased a new stake in shares of Sailpoint during the first quarter worth $1,969,000. Goldman Sachs Group Inc. purchased a new stake in shares of Sailpoint during the first quarter worth $7,546,000. Finally, Infinitum Asset Management LLC purchased a new stake in shares of Sailpoint during the first quarter worth $1,875,000.

Sailpoint Stock Performance

Shares of NYSE SAIL opened at $17.09 on Monday. Sailpoint has a 1 year low of $15.05 and a 1 year high of $26.35. The company’s 50-day moving average is $18.13.

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

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.