Trexquant Investment LP Reduces Holdings in Informatica Inc. $INFA

Key Points

• Trexquant Investment LP reduced its holdings in Informatica Inc. by 65.8% in Q1, selling 91,492 shares and leaving it with 47,578 shares valued at $830,000.
• Despite this sale, 98.45% of Informatica's stock is currently owned by institutional investors, with several firms increasing their stakes during the same period.
• Informatica's recent earnings report showed a missed EPS estimate of $0.18 compared to a consensus of $0.21, although revenue was up 1.7% year-over-year, totaling $407.34 million.

Trexquant Investment LP trimmed its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 65.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,578 shares of the technology company's stock after selling 91,492 shares during the quarter. Trexquant Investment LP's holdings in Informatica were worth $830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. D. E. Shaw & Co. Inc. bought a new stake in shares of Informatica during the fourth quarter worth $748,000. Squarepoint Ops LLC bought a new stake in shares of Informatica in the fourth quarter valued at about $2,062,000. Jane Street Group LLC raised its holdings in shares of Informatica by 987.2% in the fourth quarter. Jane Street Group LLC now owns 90,240 shares of the technology company's stock valued at $2,340,000 after acquiring an additional 81,940 shares in the last quarter. State of Wyoming raised its holdings in shares of Informatica by 274.2% in the fourth quarter. State of Wyoming now owns 20,581 shares of the technology company's stock valued at $534,000 after acquiring an additional 15,081 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Informatica by 16.9% in the first quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock valued at $71,000 after acquiring an additional 591 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Francis R. Santiago sold 16,790 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total transaction of $416,056.20. Following the sale, the chief accounting officer owned 43,851 shares in the company, valued at approximately $1,086,627.78. The trade was a 27.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 49,104 shares of the business's stock in a transaction dated 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 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. Insiders have sold a total of 431,625 shares of company stock worth $10,712,841 over the last ninety days. Insiders own 2.80% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on INFA shares. JPMorgan Chase & Co. restated a "neutral" rating and issued a $25.00 price objective (up from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Wolfe Research downgraded Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Truist Financial downgraded Informatica from a "strong-buy" rating to a "hold" rating and lifted their price objective for the company from $24.00 to $25.00 in a 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 report on Wednesday, August 6th. Finally, Royal Bank Of Canada set a $25.00 price objective on Informatica in a report on Wednesday, May 28th. Sixteen research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.67.

Informatica Stock Down 0.1%

INFA traded down $0.02 on Friday, hitting $24.79. The company had a trading volume of 2,505,457 shares, compared to its average volume of 2,789,796. The stock has a fifty day moving average price of $24.66 and a 200-day moving average price of $21.72. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $28.14. 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 has a market capitalization of $7.55 billion, a price-to-earnings ratio of -619.63, a P/E/G ratio of 6.68 and a beta of 1.15.

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

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.