Informatica Inc. $INFA Stock Holdings Lessened by Trexquant Investment LP

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 lessened its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 65.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 quarter.

Other large investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. purchased a new position in Informatica in the fourth quarter valued at $748,000. Squarepoint Ops LLC purchased a new position in Informatica in the fourth quarter valued at $2,062,000. Jane Street Group LLC increased its holdings in 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 buying an additional 81,940 shares during the last quarter. State of Wyoming increased its holdings in 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 buying an additional 15,081 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in 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 buying an additional 591 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INFA. Truist Financial cut shares of Informatica from a "strong-buy" rating to a "hold" rating and increased their price target for the stock from $24.00 to $25.00 in a report on Wednesday, May 28th. Guggenheim cut shares of Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research note on Wednesday, August 6th. Wells Fargo & Company lifted their price target on shares of Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Wolfe Research lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Finally, UBS Group lifted 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $23.67.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 49,104 shares of Informatica stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bruce R. Chizen sold 246,590 shares of Informatica 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 sale, the insider directly owned 368,874 shares in the company, valued at approximately $9,196,028.82. This trade represents a 40.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 414,835 shares of company stock valued at $10,296,785. Insiders own 2.80% of the company's stock.

Informatica Stock Down 0.0%

Informatica stock traded down $0.01 during midday trading on Thursday, hitting $24.79. 457,055 shares of the stock were exchanged, compared to its average volume of 3,813,636. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $28.14. The firm has a market cap of $7.55 billion, a P/E ratio of -619.63, a P/E/G ratio of 6.68 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. The company has a 50 day moving average price of $24.65 and a two-hundred day moving average price of $21.65.

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

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.