31,137 Shares in Informatica Inc. (NYSE:INFA) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in Informatica Inc. (NYSE:INFA) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 31,137 shares of the technology company’s stock, valued at approximately $807,000. Informatica comprises 0.3% of EntryPoint Capital LLC’s investment portfolio, making the stock its 10th biggest position.

Other institutional investors also recently made changes to their positions in the company. Horrell Capital Management Inc. acquired a new position in Informatica in the fourth quarter valued at $4,408,000. Vanguard Group Inc. raised its holdings in shares of Informatica by 28.6% in the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after purchasing an additional 2,409,023 shares during the period. LPL Financial LLC lifted its stake in shares of Informatica by 23.5% in the 4th quarter. LPL Financial LLC now owns 107,444 shares of the technology company’s stock valued at $2,638,000 after purchasing an additional 20,410 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Informatica in the 4th quarter valued at about $368,000. Finally, Sei Investments Co. grew its holdings in shares of Informatica by 23.7% during the 4th quarter. Sei Investments Co. now owns 472,383 shares of the technology company’s stock worth $12,249,000 after purchasing an additional 90,544 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Price Performance

INFA opened at $18.58 on Tuesday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $21.78 and its 200 day moving average price is $24.50. Informatica Inc. has a fifty-two week low of $16.37 and a fifty-two week high of $39.80. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 619.61, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. As a group, sell-side analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on INFA shares. UBS Group reduced their price target on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, February 14th. Truist Financial restated a “buy” rating and set a $24.00 price objective (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. The Goldman Sachs Group downgraded Informatica from a “buy” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $20.00 in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a report on Friday, February 14th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.67.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the sale, the executive vice president now owns 328,799 shares in the company, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 48.10% of the stock is currently owned by company insiders.

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.