26,638 Shares in Informatica Inc. (NYSE:INFA) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in shares of Informatica Inc. (NYSE:INFA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,638 shares of the technology company’s stock, valued at approximately $757,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Informatica by 26.1% during the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock worth $150,698,000 after purchasing an additional 1,098,246 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Informatica by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock worth $275,966,000 after purchasing an additional 883,642 shares during the last quarter. Quarry LP increased its position in shares of Informatica by 186.9% during the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,482 shares during the last quarter. Shannon River Fund Management LLC increased its position in shares of Informatica by 10.4% during the 4th quarter. Shannon River Fund Management LLC now owns 894,928 shares of the technology company’s stock worth $25,407,000 after purchasing an additional 84,537 shares during the last quarter. Finally, Claret Asset Management Corp acquired a new stake in shares of Informatica during the 4th quarter worth about $231,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on INFA. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price objective on shares of Informatica in a research report on Thursday, May 23rd. Robert W. Baird began coverage on Informatica in a report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 target price for the company. Guggenheim restated a “buy” rating and set a $37.00 target price on shares of Informatica in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company lowered their target price on Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Informatica has a consensus rating of “Moderate Buy” and an average price target of $35.45.

Insider Buying and Selling

In related news, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the sale, the executive vice president now owns 509,381 shares in the company, valued at $14,547,921.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the sale, the executive vice president now owns 509,381 shares in the company, valued at $14,547,921.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.51, for a total value of $356,023.26. Following the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at approximately $5,359,772.87. The disclosure for this sale can be found here. Insiders sold a total of 171,518 shares of company stock worth $5,425,518 over the last 90 days. 48.10% of the stock is owned by insiders.

Informatica Stock Performance

Shares of INFA opened at $30.63 on Friday. The stock has a 50-day simple moving average of $30.47 and a 200-day simple moving average of $31.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $9.04 billion, a PE ratio of -1,531.50, a PEG ratio of 7.49 and a beta of 1.06. Informatica Inc. has a 1 year low of $17.46 and a 1 year high of $39.80.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $388.61 million during the quarter, compared to analysts’ expectations of $384.97 million. Informatica had a net margin of 0.03% and a return on equity of 5.31%. On average, analysts predict that Informatica Inc. will post 0.52 earnings per share for the current fiscal year.

About Informatica

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.