Entropy Technologies LP Acquires New Stake in Informatica Inc. $INFA

Key Points

• Entropy Technologies LP acquired 23,816 shares of Informatica Inc. valued at approximately $416,000 in Q1, marking a notable investment in the company.
• Insider transactions saw EVP Ansa Sekharan sell 99,348 shares for over $2.39 million, representing a 20.22% decrease in their holdings, while another EVP sold 48,929 shares.
• Informatica reported $0.18 EPS for the last quarter, missing estimates, but its revenue increased by 1.7% year-over-year, with analysts projecting a current fiscal year EPS of 0.63.

Entropy Technologies LP bought a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,816 shares of the technology company's stock, valued at approximately $416,000.

Several other hedge funds and other institutional investors have also made changes to their positions in INFA. Parallel Advisors LLC boosted its stake in shares of Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after purchasing an additional 1,216 shares during the period. Versant Capital Management Inc boosted its stake in shares of Informatica by 7,053.8% in the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after purchasing an additional 1,834 shares during the period. New Age Alpha Advisors LLC boosted its stake in shares of Informatica by 51.5% in the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock valued at $44,000 after purchasing an additional 862 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Informatica by 1,545.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock valued at $49,000 after purchasing an additional 2,642 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Informatica by 126.1% in the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock valued at $52,000 after purchasing an additional 1,660 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insiders Place Their Bets

In related news, EVP Ansa Sekharan sold 99,348 shares of Informatica stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total value of $2,399,254.20. Following the transaction, the executive vice president directly owned 391,959 shares in the company, valued at $9,465,809.85. This trade represents a 20.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 116,199 shares of Informatica stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the completion of the transaction, the executive vice president owned 382,005 shares in the company, valued at approximately $9,168,120. This trade represents a 23.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,476 shares of company stock worth $6,373,091 over the last ninety days. Corporate insiders own 2.80% of the company's stock.

Informatica Stock Performance

Shares of Informatica stock traded down $0.01 during trading on Monday, reaching $24.72. The company's stock had a trading volume of 953,661 shares, compared to its average volume of 3,889,491. The company has a 50-day moving average price of $24.42 and a two-hundred day moving average price of $21.46. The firm has a market cap of $7.48 billion, a PE ratio of -617.88, a P/E/G ratio of 6.66 and a beta of 1.15. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $28.14. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The business had revenue of $407.34 million during the quarter, compared to analyst estimates of $401.76 million. Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The business's revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Guggenheim downgraded shares of Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price target for the company. in a research note on Wednesday, August 6th. Robert W. Baird lifted their price target on shares of Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. UBS Group lifted their price target on shares of Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Scotiabank lifted their price target on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Sixteen research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $23.67.

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.