Goldman Sachs Group Inc. Buys New Shares in SailPoint, Inc. $SAIL

Goldman Sachs Group Inc. bought a new stake in SailPoint, Inc. (NASDAQ:SAIL) during the 1st quarter, HoldingsChannel reports. The firm bought 402,474 shares of the company’s stock, valued at approximately $7,546,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Voya Investment Management LLC acquired a new position in SailPoint in the first quarter valued at $53,616,000. Siren L.L.C. acquired a new position in SailPoint in the first quarter valued at $1,781,000. Woodline Partners LP acquired a new position in SailPoint in the first quarter valued at $8,032,000. Zimmer Partners LP acquired a new position in shares of SailPoint during the first quarter valued at about $1,969,000. Finally, Infinitum Asset Management LLC acquired a new position in shares of SailPoint during the first quarter valued at about $1,875,000.

SailPoint Price Performance

SailPoint stock opened at $21.61 on Friday. SailPoint, Inc. has a twelve month low of $15.05 and a twelve month high of $26.35. The firm has a 50 day moving average price of $20.60 and a 200-day moving average price of $19.95.

SailPoint (NASDAQ:SAIL) last announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $264.36 million for the quarter, compared to analysts’ expectations of $243.41 million. The business’s quarterly revenue was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SAIL shares. Mizuho upped their price objective on shares of SailPoint from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, June 11th. BMO Capital Markets dropped their price objective on shares of SailPoint from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday. The Goldman Sachs Group reiterated a “neutral” rating on shares of SailPoint in a report on Wednesday, June 11th. Wells Fargo & Company boosted their target price on shares of SailPoint from $16.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $29.00 target price (up from $27.00) on shares of SailPoint in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.48.

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.