Sandia Investment Management LP Purchases New Position in Informatica Inc. (NYSE:INFA)

Sandia Investment Management LP purchased a new stake in shares of Informatica Inc. (NYSE:INFA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the technology company’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in Informatica by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company’s stock worth $2,101,000 after purchasing an additional 10,553 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Informatica by 21.0% during the fourth quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company’s stock valued at $534,000 after buying an additional 3,575 shares during the last quarter. Norges Bank purchased a new stake in shares of Informatica during the fourth quarter valued at approximately $25,265,000. KBC Group NV grew its holdings in shares of Informatica by 69.4% during the fourth 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 last quarter. Finally, Geode Capital Management LLC boosted its holdings in Informatica by 24.4% in the fourth quarter. Geode Capital Management LLC now owns 1,508,989 shares of the technology company’s stock worth $39,140,000 after purchasing an additional 295,801 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Stock Up 0.7%

NYSE:INFA opened at $19.70 on Friday. The company’s fifty day moving average price is $18.13 and its 200-day moving average price is $22.38. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $31.65. The firm has a market capitalization of $5.96 billion, a P/E ratio of 657.02, a PEG ratio of 4.44 and a beta of 1.04. 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 announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INFA. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a research note on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and set a $37.00 target price on shares of Informatica in a research note on Friday, January 31st. The Goldman Sachs Group raised their target price on shares of Informatica from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Wedbush cut shares of Informatica to a “neutral” rating in a research note on Friday, February 14th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $19.00 price objective (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Informatica currently has an average rating of “Hold” and a consensus target price of $23.69.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the 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 of the company’s stock, valued at $7,516,200.50. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 48.10% of the stock is currently owned by insiders.

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.