Clearline Capital LP Acquires 155,572 Shares of Informatica Inc. $INFA

Key Points

• Clearline Capital LP increased its stake in Informatica Inc. by 529.7% during Q1, acquiring 184,944 shares valued at approximately $3.23 million.
• Informatica reported a 0.18 EPS for the last quarter, missing expectations, but its revenue increased by 1.7% year-over-year to $407.34 million.
• Institutional investors own 98.45% of Informatica's stock, with several firms like Sunriver Management and Invesco significantly increasing their holdings recently.

Clearline Capital LP increased its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 529.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,944 shares of the technology company's stock after buying an additional 155,572 shares during the quarter. Clearline Capital LP owned 0.06% of Informatica worth $3,227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of INFA. Sunriver Management LLC bought a new position in shares of Informatica during the 1st quarter worth approximately $30,108,000. Invesco Ltd. lifted its position in shares of Informatica by 37.4% during the 1st quarter. Invesco Ltd. now owns 3,607,837 shares of the technology company's stock worth $62,957,000 after buying an additional 981,237 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Informatica by 47.6% during the 4th quarter. Ameriprise Financial Inc. now owns 1,096,479 shares of the technology company's stock worth $28,432,000 after buying an additional 353,717 shares during the period. Two Sigma Investments LP lifted its position in shares of Informatica by 1,222.0% during the 4th quarter. Two Sigma Investments LP now owns 332,583 shares of the technology company's stock worth $8,624,000 after buying an additional 307,425 shares during the period. Finally, California State Teachers Retirement System raised its position in Informatica by 431.2% in the 4th quarter. California State Teachers Retirement System now owns 321,734 shares of the technology company's stock valued at $8,343,000 after purchasing an additional 261,163 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Informatica Trading Down 0.1%

Shares of NYSE INFA traded down $0.02 during midday trading on Friday, hitting $24.79. The stock had a trading volume of 2,505,457 shares, compared to its average volume of 2,789,796. The company's 50-day simple moving average is $24.66 and its 200 day simple moving average is $21.72. The firm has a market cap of $7.55 billion, a P/E ratio of -619.63, a price-to-earnings-growth ratio of 6.68 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 debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $407.34 million for the quarter, compared to analyst estimates of $401.76 million. During the same period last year, the firm earned $0.23 earnings per share. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on INFA shares. Wolfe Research downgraded Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Guggenheim downgraded Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research report on Wednesday, August 6th. Robert W. Baird lifted their price objective on Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 price objective on Informatica in a research report on Wednesday, May 28th. Finally, UBS Group lifted their price objective on Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Sixteen investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $23.67.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 49,104 shares of Informatica stock in a transaction on Friday, August 15th. The stock was sold at an average price of $24.72, for a total transaction of $1,213,850.88. Following the completion of the sale, the executive vice president directly 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 Securities & Exchange Commission, which is available at this link. Also, Director Gerald Held sold 70,212 shares of Informatica stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total value of $1,750,385.16. Following the sale, the director directly owned 198,845 shares of the company's stock, valued at approximately $4,957,205.85. This trade represents a 26.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 431,625 shares of company stock valued at $10,712,841 in the last three months. 2.80% of the stock is currently owned by company insiders.

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.