Clearline Capital LP Sells 6,890 Shares of Informatica Inc. (NYSE:INFA)

Clearline Capital LP decreased its holdings in shares of Informatica Inc. (NYSE:INFA) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,372 shares of the technology company’s stock after selling 6,890 shares during the period. Clearline Capital LP’s holdings in Informatica were worth $762,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. acquired a new stake in Informatica in the 4th quarter valued at $748,000. Crestline Management LP bought a new position in Informatica during the 4th quarter valued at about $2,496,000. Cubist Systematic Strategies LLC boosted its position in Informatica by 78.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 17,351 shares of the technology company’s stock valued at $450,000 after buying an additional 7,651 shares in the last quarter. Brevan Howard Capital Management LP grew its stake in Informatica by 27.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 62,428 shares of the technology company’s stock worth $1,619,000 after buying an additional 13,304 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Informatica during the fourth quarter worth approximately $14,464,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on INFA shares. Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Friday, February 14th. Royal Bank of Canada cut shares of Informatica from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Guggenheim reissued a “buy” rating and set a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. Robert W. Baird reaffirmed a “neutral” rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Finally, Truist Financial reissued a “buy” rating and issued a $24.00 target price (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.15.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the transaction, the executive vice president now directly owns 416,410 shares in the company, valued at approximately $7,516,200.50. The trade was a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 48.10% of the company’s stock.

Informatica Trading Up 1.8 %

INFA opened at $19.06 on Thursday. The firm’s fifty day simple moving average is $18.01 and its 200 day simple moving average is $22.73. The stock has a market capitalization of $5.77 billion, a P/E ratio of 635.55, a P/E/G ratio of 4.44 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $31.65.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $403.90 million during the quarter, compared to analysts’ expectations of $392.14 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. As a group, research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Informatica Company Profile

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.