Informatica Inc. $INFA Shares Sold by Harber Asset Management LLC

Key Points

• Harber Asset Management LLC reduced its stake in Informatica Inc. by 21.0%, now owning 344,869 shares, making it the 21st biggest holding in their portfolio.
• Several institutional investors have significantly increased their positions in Informatica, with Parallel Advisors LLC and Harel Insurance Investments increasing their stakes by 540.4% and 1,545.0% respectively during the first quarter.
• Informatica reported $0.18 EPS for the last quarter, missing analysts' estimates by $0.03, while the company's revenue was up 1.7% year-over-year, totaling $407.34 million.

Harber Asset Management LLC cut its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 21.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 344,869 shares of the technology company's stock after selling 91,696 shares during the period. Informatica accounts for about 2.1% of Harber Asset Management LLC's portfolio, making the stock its 21st largest holding. Harber Asset Management LLC owned approximately 0.11% of Informatica worth $6,018,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in Informatica by 37.4% during the first quarter. Invesco Ltd. now owns 3,607,837 shares of the technology company's stock worth $62,957,000 after purchasing an additional 981,237 shares in the last quarter. Sunriver Management LLC acquired a new position in Informatica during the first quarter worth $30,108,000. Dimensional Fund Advisors LP lifted its stake in Informatica by 21.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,618,777 shares of the technology company's stock worth $41,975,000 after purchasing an additional 290,587 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Informatica by 47.6% during the fourth quarter. Ameriprise Financial Inc. now owns 1,096,479 shares of the technology company's stock worth $28,432,000 after purchasing an additional 353,717 shares in the last quarter. Finally, TFG Asset Management GP Ltd lifted its stake in Informatica by 50.0% during the fourth quarter. TFG Asset Management GP Ltd now owns 600,000 shares of the technology company's stock worth $15,558,000 after purchasing an additional 200,000 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INFA. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $25.00 price objective (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Robert W. Baird raised 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. Wolfe Research cut Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Scotiabank raised their price objective on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company raised their price objective on Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Informatica presently has an average rating of "Hold" and an average price target of $23.67.

Informatica Stock Performance

Shares of NYSE INFA traded up $0.02 during midday trading on Tuesday, reaching $24.95. 2,370,450 shares of the company were exchanged, compared to its average volume of 2,573,162. 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 1 year low of $15.65 and a 1 year high of $28.14. The stock has a fifty day simple moving average of $24.59 and a 200 day simple moving average of $21.45. The stock has a market cap of $7.60 billion, a P/E ratio of 75.54, a PEG ratio of 6.72 and a beta of 1.15.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share (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 analysts' expectations of $401.76 million. During the same period in the prior year, the business earned $0.23 EPS. The business's quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Informatica

In other news, EVP Ansa Sekharan sold 99,348 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the sale, the executive vice president owned 391,959 shares of the company's stock, valued at $9,465,809.85. The trade was a 20.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 49,104 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $24.72, for a total value of $1,213,850.88. Following the sale, the executive vice president directly owned 352,266 shares in the company, valued at $8,708,015.52. This trade represents a 12.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,381 shares of company stock worth $4,798,165 in the last three months. Corporate 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.