Cinctive Capital Management LP Has $9.92 Million Stock Position in Informatica Inc. (NYSE:INFA)

Cinctive Capital Management LP lifted its holdings in shares of Informatica Inc. (NYSE:INFA) by 190.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 382,519 shares of the technology company’s stock after purchasing an additional 250,927 shares during the period. Cinctive Capital Management LP owned 0.13% of Informatica worth $9,919,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Trexquant Investment LP raised its position in Informatica by 554.6% during the 4th quarter. Trexquant Investment LP now owns 139,070 shares of the technology company’s stock worth $3,606,000 after purchasing an additional 117,825 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Informatica by 24.4% in the fourth quarter. Geode Capital Management LLC now owns 1,508,989 shares of the technology company’s stock valued at $39,140,000 after buying an additional 295,801 shares during the period. Alliancebernstein L.P. raised its position in shares of Informatica by 23.1% during the fourth quarter. Alliancebernstein L.P. now owns 41,575 shares of the technology company’s stock worth $1,078,000 after acquiring an additional 7,813 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after acquiring an additional 1,591,037 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Informatica by 63.0% in the fourth quarter. Schroder Investment Management Group now owns 1,662,332 shares of the technology company’s stock worth $43,121,000 after acquiring an additional 642,396 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Stock Up 1.3 %

Shares of NYSE INFA opened at $17.68 on Wednesday. Informatica Inc. has a one year low of $16.37 and a one year high of $39.80. The stock has a market capitalization of $5.35 billion, a PE ratio of 589.43, a P/E/G 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. The business’s fifty day moving average price is $21.02 and its 200-day moving average price is $24.21.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 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 business had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. On average, equities research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the transaction, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 48.10% of the company’s stock.

Analyst Upgrades and Downgrades

INFA has been the subject of several analyst reports. Guggenheim restated a “buy” rating and set a $37.00 price target on shares of Informatica in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research note on Friday, February 14th. Bank of America cut shares of Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Truist Financial reissued a “buy” rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. Finally, The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.67.

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.