SailPoint (NASDAQ:SAIL) Now Covered by Analysts at Scotiabank

Scotiabank assumed coverage on shares of SailPoint (NASDAQ:SAIL) in a research note released on Wednesday morning, MarketBeat.com reports. The firm issued a sector outperform rating and a $25.00 target price on the stock.

Other equities analysts have also issued reports about the company. Cantor Fitzgerald assumed coverage on SailPoint in a research note on Monday, June 30th. They set an “overweight” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. upgraded SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Wednesday, August 13th. Royal Bank Of Canada restated an “outperform” rating and set a $29.00 price target (up from $27.00) on shares of SailPoint in a research note on Thursday, June 12th. Barclays boosted their price target on SailPoint from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, June 12th. Finally, BMO Capital Markets upped their price objective on SailPoint from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, SailPoint has an average rating of “Moderate Buy” and a consensus target price of $25.48.

SailPoint Stock Performance

Shares of SAIL opened at $21.03 on Wednesday. SailPoint has a 12-month low of $15.05 and a 12-month high of $26.35. The stock’s 50-day moving average price is $20.77 and its 200 day moving average price is $20.10.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $230.47 million for the quarter, compared to the consensus estimate of $225.18 million. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.160-0.200 EPS. Q2 2026 guidance at 0.040-0.050 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SAIL. Stephens Investment Management Group LLC acquired a new position in shares of SailPoint in the 1st quarter worth approximately $23,213,000. Allianz Asset Management GmbH acquired a new position in shares of SailPoint in the 1st quarter worth approximately $3,496,000. GW&K Investment Management LLC acquired a new position in shares of SailPoint in the 1st quarter worth approximately $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of SailPoint in the 1st quarter worth approximately $1,683,000. Finally, Assetmark Inc. acquired a new position in shares of SailPoint in the 1st quarter worth approximately $32,000.

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.