SailPoint (NASDAQ:SAIL) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of SailPoint (NASDAQ:SAIL) in a research report released on Monday, Marketbeat reports. The brokerage issued an overweight rating and a $29.00 target price on the stock. Cantor Fitzgerald also issued estimates for SailPoint’s FY2026 earnings at $0.20 EPS.

Other analysts have also recently issued reports about the company. Mizuho raised their target price on SailPoint from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, June 11th. Truist Financial initiated coverage on SailPoint in a report on Monday, March 10th. They set a “buy” rating and a $29.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $29.00 price objective (up previously from $27.00) on shares of SailPoint in a report on Thursday, June 12th. BMO Capital Markets increased their target price on shares of SailPoint from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, June 12th. Finally, Piper Sandler began coverage on shares of SailPoint in a research report on Monday, March 10th. They set an “overweight” rating and a $30.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, SailPoint has a consensus rating of “Moderate Buy” and an average target price of $26.66.

SailPoint Stock Performance

Shares of SailPoint stock opened at $21.73 on Monday. SailPoint has a twelve month low of $15.05 and a twelve month high of $26.35. The business’s 50 day moving average is $19.62.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $230.47 million for the quarter, compared to the consensus estimate of $225.18 million. The business’s quarterly revenue was up 22.8% on a year-over-year basis.

Hedge Funds Weigh In On SailPoint

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of SailPoint during the 1st quarter valued at about $212,000. Natixis Advisors LLC bought a new stake in SailPoint during the first quarter worth approximately $835,000. Burkehill Global Management LP acquired a new position in SailPoint during the first quarter valued at approximately $8,438,000. Assetmark Inc. bought a new position in shares of SailPoint in the first quarter valued at approximately $32,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of SailPoint in the first quarter worth $938,000.

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.