Barclays Issues Positive Forecast for Sailpoint (NYSE:SAIL) Stock Price

Sailpoint (NYSE:SAILFree Report) had its price target increased by Barclays from $23.00 to $25.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also issued reports about the company. Mizuho increased their price objective on Sailpoint from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday. Royal Bank of Canada assumed coverage on shares of Sailpoint in a report on Monday, March 10th. They issued an “outperform” rating and a $27.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of Sailpoint from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group started coverage on shares of Sailpoint in a research report on Monday, March 10th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Morgan Stanley reduced their price target on shares of Sailpoint from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.50.

Check Out Our Latest Analysis on SAIL

Sailpoint Trading Up 3.4%

NYSE SAIL opened at $23.30 on Thursday. The company has a 50-day simple moving average of $17.91. Sailpoint has a twelve month low of $15.05 and a twelve month high of $26.35.

Sailpoint (NYSE:SAILGet Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported ($4.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($4.28). The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $229.69 million.

Hedge Funds Weigh In On Sailpoint

Large investors have recently made changes to their positions in the company. Assetmark Inc. bought a new position in shares of Sailpoint in the 1st quarter valued at about $32,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Sailpoint in the first quarter valued at approximately $49,000. Quarry LP acquired a new position in Sailpoint in the first quarter valued at approximately $70,000. Picton Mahoney Asset Management acquired a new position in Sailpoint in the first quarter valued at approximately $87,000. Finally, PNC Financial Services Group Inc. acquired a new position in Sailpoint in the first quarter valued at approximately $150,000.

About Sailpoint

(Get Free Report)

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.

See Also

Analyst Recommendations for Sailpoint (NYSE:SAIL)

Receive News & Ratings for Sailpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sailpoint and related companies with MarketBeat.com's FREE daily email newsletter.