Informatica Inc. $INFA Shares Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC significantly increased its stake in Informatica Inc. by 438.4%, owning 110,756 shares worth approximately $1.93 million.
• Several hedge funds have also boosted their positions in Informatica, with most institutional investors and hedge funds collectively owning 98.45% of the stock.
• After the recent quarterly earnings report, Informatica missed EPS estimates and reported a 1.7% year-over-year revenue increase, totaling $407.34 million.

PDT Partners LLC boosted its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 438.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,756 shares of the technology company's stock after acquiring an additional 90,185 shares during the quarter. PDT Partners LLC's holdings in Informatica were worth $1,933,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in INFA. Aquatic Capital Management LLC bought a new stake in shares of Informatica in the 4th quarter valued at about $88,000. The Manufacturers Life Insurance Company raised its position in Informatica by 47.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 30,490 shares of the technology company's stock worth $791,000 after acquiring an additional 9,846 shares during the period. Northern Trust Corp raised its stake in Informatica by 41.9% in the 4th quarter. Northern Trust Corp now owns 398,063 shares of the technology company's stock valued at $10,322,000 after purchasing an additional 117,446 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Informatica by 110.2% in the fourth quarter. AQR Capital Management LLC now owns 228,332 shares of the technology company's stock valued at $5,921,000 after purchasing an additional 119,691 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Informatica by 987.2% during the fourth quarter. Jane Street Group LLC now owns 90,240 shares of the technology company's stock worth $2,340,000 after purchasing an additional 81,940 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Transactions at Informatica

In related news, insider Bruce R. Chizen sold 246,590 shares of the company's stock in a transaction that occurred on 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 transaction, the insider directly owned 368,874 shares in the company, valued at approximately $9,196,028.82. This represents a 40.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Arthur Schweitzer sold 49,104 shares of Informatica stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $24.72, for a total transaction 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. The trade was a 12.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,835 shares of company stock valued at $10,296,785. 2.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. restated a "neutral" rating and issued a $25.00 price target (up previously from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Robert W. Baird raised their price objective on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Wolfe Research downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $24.00 to $25.00 in a research note on Wednesday, May 28th. Finally, UBS Group raised their price target on shares of Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Sixteen equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $23.67.

Informatica Trading Up 0.1%

INFA stock traded up $0.02 during midday trading on Monday, hitting $24.79. 549,221 shares of the company's stock were exchanged, compared to its average volume of 3,850,550. Informatica Inc. has a one year low of $15.65 and a one year high of $28.14. The company has a market cap of $7.55 billion, a PE ratio of -619.38, a price-to-earnings-growth ratio of 6.67 and a beta of 1.15. 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 stock's fifty day moving average price is $24.62 and its 200-day moving average price is $21.57.

Informatica (NYSE:INFA - Get Free Report) last announced 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). The firm had revenue of $407.34 million for the quarter, compared to the consensus estimate of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.Informatica's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. Research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Informatica 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.