Siren L.L.C. Invests $872,000 in Informatica Inc. $INFA

Key Points

• Siren L.L.C. acquired 50,000 shares of Informatica Inc. valued at approximately $872,000 during the 1st quarter, highlighting growing institutional interest in the company.
• Informatica's quarterly earnings revealed an EPS of $0.18, missing analysts' expectations of $0.21, despite a revenue of $407.34 million which surpassed the estimated $401.76 million.
• Analysts have mixed views on Informatica, with recent ratings adjustments reflecting a consensus target price of $23.67 and a general recommendation of 'Hold' from 16 investment analysts.

Siren L.L.C. purchased a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the technology company's stock, valued at approximately $872,000.

Several other large investors also recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. bought a new position in shares of Informatica in the fourth quarter valued at $748,000. Squarepoint Ops LLC bought a new stake in Informatica in the 4th quarter valued at $2,062,000. Jane Street Group LLC raised its stake in Informatica by 987.2% in the 4th quarter. Jane Street Group LLC now owns 90,240 shares of the technology company's stock valued at $2,340,000 after acquiring an additional 81,940 shares during the period. State of Wyoming raised its stake in Informatica by 274.2% in the 4th quarter. State of Wyoming now owns 20,581 shares of the technology company's stock valued at $534,000 after acquiring an additional 15,081 shares during the period. Finally, Amalgamated Bank raised its stake in Informatica by 16.9% in the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock valued at $71,000 after acquiring an additional 591 shares during the period. Institutional investors own 98.45% of the company's stock.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 49,104 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.72, for a total value of $1,213,850.88. Following the sale, the executive vice president owned 352,266 shares of the company's stock, valued at $8,708,015.52. The trade was a 12.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ansa Sekharan sold 99,348 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was 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 of the company's stock, valued at approximately $9,465,809.85. This represents a 20.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,381 shares of company stock worth $4,798,165. 2.80% of the stock is owned by company insiders.

Informatica Price Performance

NYSE INFA traded down $0.01 on Wednesday, hitting $24.94. 1,145,419 shares of the company's stock were exchanged, compared to its average volume of 3,849,605. The stock has a 50-day moving average of $24.59 and a 200-day moving average of $21.45. 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 Inc. has a 52 week low of $15.65 and a 52 week high of $28.14. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of -623.38, a P/E/G ratio of 6.72 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 price target on Informatica in a research note on Wednesday, May 28th. Wells Fargo & Company boosted their price target on Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Guggenheim downgraded 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. Finally, The Goldman Sachs Group boosted their price target on Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Sixteen equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Informatica has an average rating of "Hold" and an average target price of $23.67.

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.