Ghisallo Capital Management LLC Buys Shares of 500,000 Informatica Inc. (NYSE:INFA)

Ghisallo Capital Management LLC purchased a new position in shares of Informatica Inc. (NYSE:INFA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 500,000 shares of the technology company’s stock, valued at approximately $12,965,000. Informatica comprises about 0.8% of Ghisallo Capital Management LLC’s holdings, making the stock its 25th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Informatica by 21.0% in the 4th quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company’s stock valued at $534,000 after acquiring an additional 3,575 shares during the period. Norges Bank acquired a new position in Informatica during the fourth quarter worth $25,265,000. JPMorgan Chase & Co. boosted its position in shares of Informatica by 826.8% during the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after buying an additional 1,324,006 shares during the period. Geode Capital Management LLC grew its stake in shares of Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after buying an additional 311,003 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after buying an additional 1,325 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Stock Up 1.9 %

Shares of NYSE INFA opened at $18.81 on Friday. The business has a 50-day moving average of $18.09 and a two-hundred day moving average of $23.15. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 627.04, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $32.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The business had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. On average, analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at $5,977,565.82. This represents a 3.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 48.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INFA shares. DA Davidson dropped their target price on Informatica from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Wedbush lowered shares of Informatica to a “neutral” rating in a research note on Friday, February 14th. Royal Bank of Canada downgraded shares of Informatica from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $35.00 to $19.00 in a research note on Friday, February 14th. UBS Group reduced their target price on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, February 14th. Finally, Baird R W downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.15.

Informatica 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.