EntryPoint Capital LLC Sells 2,375 Shares of Informatica Inc. (NYSE:INFA)

EntryPoint Capital LLC trimmed its holdings in Informatica Inc. (NYSE:INFA) by 53.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,107 shares of the technology company’s stock after selling 2,375 shares during the period. EntryPoint Capital LLC’s holdings in Informatica were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Informatica by 78,094.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock worth $44,473,000 after purchasing an additional 1,269,034 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Informatica by 26.1% in the fourth 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 holdings in shares of Informatica by 10.0% in the fourth 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. Russell Investments Group Ltd. lifted its position in shares of Informatica by 1,871.7% in the first quarter. Russell Investments Group Ltd. now owns 130,622 shares of the technology company’s stock worth $4,572,000 after buying an additional 123,997 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Informatica during the first quarter valued at approximately $4,162,000. Institutional investors own 98.45% of the company’s stock.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 64,501 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total value of $1,817,638.18. Following the transaction, the executive vice president now directly owns 437,348 shares in the company, valued at $12,324,466.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP John Arthur Schweitzer sold 64,501 shares of Informatica stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the completion of the sale, the executive vice president now owns 437,348 shares of the company’s stock, valued at $12,324,466.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the sale, the chief accounting officer now owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 170,128 shares of company stock worth $4,826,124. 48.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on INFA shares. Wells Fargo & Company reduced their price objective on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. Guggenheim reaffirmed a “buy” rating and set a $37.00 price target on shares of Informatica in a research note on Tuesday, June 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 price objective on shares of Informatica in a research report on Thursday, May 23rd. Finally, Robert W. Baird started coverage on shares of Informatica in a report on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Informatica presently has a consensus rating of “Moderate Buy” and an average price target of $35.45.

Informatica Stock Performance

Informatica stock opened at $24.27 on Friday. Informatica Inc. has a 1-year low of $18.18 and a 1-year high of $39.80. The company’s 50-day moving average is $28.72 and its 200 day moving average is $31.08. The firm has a market capitalization of $7.16 billion, a P/E ratio of -1,212.50, a price-to-earnings-growth ratio of 5.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.90.

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