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

Sailpoint (NYSE:SAIL) had its price objective hoisted by JPMorgan Chase & Co. from $25.00 to $26.00 in a research note released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on SAIL. Bank of America initiated coverage on shares of Sailpoint in a report on Monday, March 10th. They issued a “buy” rating and a $27.50 price objective for the company. Wells Fargo & Company lifted their price target on shares of Sailpoint from $16.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday. TD Cowen initiated coverage on Sailpoint in a research note on Monday, March 10th. They issued a “buy” rating and a $30.00 price target for the company. Piper Sandler started coverage on Sailpoint in a research note on Monday, March 10th. They set an “overweight” rating and a $30.00 price objective on the stock. Finally, BTIG Research assumed coverage on Sailpoint in a report on Monday, March 10th. They issued a “buy” rating and a $27.00 price objective for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Sailpoint has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Sailpoint Trading Down 3.0%

Shares of NYSE SAIL opened at $22.61 on Thursday. The firm has a fifty day moving average price of $18.03. Sailpoint has a one year low of $15.05 and a one year high of $26.35.

Sailpoint (NYSE:SAIL) last announced its 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 firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $229.69 million.

Hedge Funds Weigh In On Sailpoint

A number of institutional investors have recently modified their holdings of SAIL. Assetmark Inc. bought a new position in Sailpoint in the first quarter valued at about $32,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Sailpoint in the 1st quarter valued at approximately $49,000. Quarry LP bought a new stake in shares of Sailpoint during the 1st quarter valued at approximately $70,000. Picton Mahoney Asset Management bought a new stake in shares of Sailpoint during the 1st quarter valued at approximately $87,000. Finally, PNC Financial Services Group Inc. acquired a new position in Sailpoint during the 1st quarter worth approximately $150,000.

Sailpoint Company Profile

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.