Washington Harbour Partners LP Acquires New Position in Informatica Inc. (NYSE:INFA)

Washington Harbour Partners LP purchased a new position in shares of Informatica Inc. (NYSE:INFA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,000 shares of the technology company’s stock, valued at approximately $1,330,000. Informatica makes up about 2.2% of Washington Harbour Partners LP’s portfolio, making the stock its 19th biggest holding.

Other large investors have also recently made changes to their positions in the company. ORG Partners LLC bought a new position in shares of Informatica during the 1st quarter valued at $43,000. GAMMA Investing LLC purchased a new stake in Informatica during the fourth quarter valued at about $39,000. Allspring Global Investments Holdings LLC bought a new position in shares of Informatica during the fourth quarter valued at about $46,000. Quarry LP increased its holdings in shares of Informatica by 186.9% in the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after buying an additional 1,482 shares during the period. Finally, Quent Capital LLC lifted its stake in shares of Informatica by 86.2% in the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,106 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INFA. Guggenheim restated a “buy” rating and set a $37.00 price target on shares of Informatica in a research report on Tuesday, June 25th. Citigroup cut their target price on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday. Scotiabank lowered their price target on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday. Wells Fargo & Company cut their price target on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.92.

Insider Activity at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the sale, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was 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 in the company, valued at approximately $12,324,466.64. The disclosure for this sale can be found here. Insiders have sold 170,128 shares of company stock worth $4,826,124 over the last ninety days. 48.10% of the stock is owned by corporate insiders.

Informatica Trading Up 2.5 %

INFA stock traded up $0.61 during trading on Thursday, reaching $24.55. The company had a trading volume of 2,980,364 shares, compared to its average volume of 1,731,508. 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 Inc. has a 52 week low of $18.18 and a 52 week high of $39.80. The business has a 50 day moving average of $28.34 and a 200 day moving average of $31.01. The company has a market cap of $7.24 billion, a P/E ratio of -1,231.00, a PEG ratio of 6.00 and a beta of 1.07.

Informatica (NYSE:INFA) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $388.61 million for the quarter, compared to analysts’ expectations of $384.97 million. Informatica had a return on equity of 6.27% and a net margin of 9.60%. As a group, sell-side analysts forecast that Informatica Inc. will post 0.52 earnings per share for the current fiscal year.

About Informatica

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.