Informatica Inc. $INFA Shares Bought by Circumference Group LLC

Key Points

• Circumference Group LLC increased its stake in Informatica Inc. by 52.9%, holding approximately $4.54 million worth of shares as of the latest SEC filing.
• Informatica's stock has shown fluctuating performance, with a 12-month high of $28.14 and a low of $15.65, while currently trading around $24.94.
• Informatica reported an earnings miss for the last quarter, posting $0.18 EPS compared to the consensus estimate of $0.21, although revenue increased year-over-year by 1.7%.

Circumference Group LLC lifted its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 52.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 260,000 shares of the technology company's stock after purchasing an additional 90,000 shares during the quarter. Informatica makes up about 5.6% of Circumference Group LLC's holdings, making the stock its 9th biggest position. Circumference Group LLC owned approximately 0.09% of Informatica worth $4,537,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of INFA. Parallel Advisors LLC increased its stake in shares of Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after purchasing an additional 1,216 shares during the last quarter. Versant Capital Management Inc grew its position in Informatica by 7,053.8% in the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock worth $32,000 after purchasing an additional 1,834 shares during the last quarter. New Age Alpha Advisors LLC lifted its holdings in shares of Informatica by 51.5% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock worth $44,000 after acquiring an additional 862 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Informatica by 1,545.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock worth $49,000 after acquiring an additional 2,642 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Informatica by 126.1% during the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock worth $52,000 after acquiring an additional 1,660 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling at Informatica

In other Informatica news, insider Bruce R. Chizen sold 246,590 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total value of $6,147,488.70. Following the completion of the sale, the insider owned 368,874 shares in the company, valued at approximately $9,196,028.82. This trade represents a 40.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Held sold 70,212 shares of Informatica stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $1,750,385.16. Following the sale, the director owned 198,845 shares of the company's stock, valued at approximately $4,957,205.85. This represents a 26.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 414,835 shares of company stock worth $10,296,785. 2.80% of the stock is currently owned by corporate insiders.

Informatica Price Performance

INFA traded down $0.01 during midday trading on Tuesday, hitting $24.78. The company had a trading volume of 378,481 shares, compared to its average volume of 3,842,755. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $7.55 billion, a PE ratio of -619.38, a P/E/G ratio of 6.67 and a beta of 1.15. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $28.14. The firm's 50-day simple moving average is $24.63 and its 200-day simple moving average is $21.60.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings data 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). The company 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 company's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. Equities research analysts predict that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

INFA has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Truist Financial downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating and lifted their price target for the company from $24.00 to $25.00 in a report on Wednesday, May 28th. Robert W. Baird lifted their price target on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. 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 report on Wednesday, August 6th. Finally, Royal Bank Of Canada set a $25.00 price target on shares of Informatica in a report on Wednesday, May 28th. Sixteen analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.