Crestline Management LP Makes New $2.50 Million Investment in Informatica Inc. (NYSE:INFA)

Crestline Management LP acquired a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 96,265 shares of the technology company's stock, valued at approximately $2,496,000.

Several other large investors have also made changes to their positions in the business. ORG Wealth Partners LLC purchased a new stake in shares of Informatica in the fourth quarter worth about $32,000. Cooper Financial Group lifted its holdings in Informatica by 6.6% in the fourth quarter. Cooper Financial Group now owns 24,236 shares of the technology company's stock valued at $628,000 after acquiring an additional 1,504 shares during the period. FNY Investment Advisers LLC purchased a new stake in Informatica in the 4th quarter worth approximately $54,000. SG Americas Securities LLC acquired a new stake in shares of Informatica during the 4th quarter worth approximately $2,762,000. Finally, KBC Group NV increased its holdings in shares of Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after purchasing an additional 1,325 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the 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 completion of the sale, the executive vice president now owns 328,799 shares of the company's stock, valued at $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 48.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

INFA has been the topic of a number of recent analyst reports. Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Cantor Fitzgerald began coverage on Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 target price on the stock. Wells Fargo & Company cut Informatica from a "buy" rating to an "equal weight" rating in a report on Friday, February 14th. The Goldman Sachs Group increased their price target on Informatica from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Wedbush cut Informatica to a "neutral" rating in a research report on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $23.62.

Informatica Price Performance

Shares of NYSE INFA traded down $0.16 during mid-day trading on Friday, reaching $18.98. The company's stock had a trading volume of 1,473,180 shares, compared to its average volume of 2,126,556. The stock has a market capitalization of $5.74 billion, a P/E ratio of 632.88, a P/E/G ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $31.65. The stock has a 50-day moving average of $18.02 and a two-hundred day moving average of $22.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica (NYSE:INFA - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The business had revenue of $403.90 million for the quarter, compared to analyst estimates of $392.14 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The business's revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. On average, equities research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal 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.