Goldman Sachs Group Inc. Cuts Stock Holdings in Informatica Inc. $INFA

Key Points

• Goldman Sachs Group Inc. reduced its stock holdings in Informatica Inc. by 48.2%, from 585,375 shares to 302,971 shares, following a recent 13F filing with the SEC.
• Multiple hedge funds increased their positions in Informatica, with Parallel Advisors LLC raising their stake by 540.4% and Versant Capital Management Inc. by 7,053.8% during the first quarter.
• Informatica reported earnings of $0.18 per share for the last quarter, missing analyst expectations, though revenue increased by 1.7% year-over-year to $407.34 million.

Goldman Sachs Group Inc. decreased its position in Informatica Inc. (NYSE:INFA - Free Report) by 48.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,971 shares of the technology company's stock after selling 282,404 shares during the quarter. Goldman Sachs Group Inc. owned 0.10% of Informatica worth $5,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in Informatica by 540.4% in the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after buying an additional 1,216 shares during the last quarter. Versant Capital Management Inc lifted 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 buying an additional 1,834 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in Informatica by 51.5% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock worth $44,000 after buying an additional 862 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in 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 last quarter. Finally, Deutsche Bank AG lifted its position in 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 last quarter. Institutional investors own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on INFA. Wells Fargo & Company boosted their price objective on Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Robert W. Baird boosted 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. 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. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $25.00 price objective (up previously from $24.00) on shares of Informatica in a research report on Wednesday, May 28th. Sixteen research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Informatica currently has an average rating of "Hold" and a consensus target price of $23.67.

Informatica Trading Up 0.1%

Shares of NYSE:INFA opened at $24.79 on Tuesday. The company has a market cap of $7.55 billion, a P/E ratio of -619.63, a PEG ratio of 6.67 and a beta of 1.15. 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 Inc. has a 1 year low of $15.65 and a 1 year high of $28.14. The stock's fifty day moving average price is $24.67 and its 200-day moving average price is $21.80.

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

Insiders Place Their Bets

In other news, 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 value of $1,750,385.16. Following the completion of the transaction, the director owned 198,845 shares in the company, valued at approximately $4,957,205.85. The trade was a 26.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president owned 352,266 shares of the company's stock, valued at approximately $8,708,015.52. The trade was a 12.23% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 431,625 shares of company stock worth $10,712,841. Company insiders own 2.80% of the company's stock.

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.

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