Ghisallo Capital Management LLC Invests $12.97 Million in Informatica Inc. (NYSE:INFA)

Ghisallo Capital Management LLC purchased a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 500,000 shares of the technology company's stock, valued at approximately $12,965,000. Informatica comprises approximately 0.8% of Ghisallo Capital Management LLC's portfolio, making the stock its 25th largest position. Ghisallo Capital Management LLC owned about 0.16% of Informatica at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of INFA. ORG Wealth Partners LLC bought a new position in Informatica in the fourth quarter valued at about $32,000. New Age Alpha Advisors LLC bought a new stake in Informatica during the 4th quarter worth about $43,000. FNY Investment Advisers LLC bought a new stake in Informatica during the 4th quarter worth about $54,000. PNC Financial Services Group Inc. raised its holdings in Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after purchasing an additional 667 shares during the last quarter. Finally, KBC Group NV raised its holdings in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock worth $84,000 after purchasing an additional 1,325 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the transaction, the executive vice president now directly owns 416,410 shares of the company's stock, valued at $7,516,200.50. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 48.10% of the company's stock.

Informatica Stock Up 1.3 %

Shares of INFA traded up $0.25 during mid-day trading on Thursday, hitting $19.08. 826,124 shares of the company's stock were exchanged, compared to its average volume of 2,116,382. The company has a market cap of $5.77 billion, a PE ratio of 637.71, a P/E/G ratio of 4.44 and a beta of 1.06. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65. The company has a 50-day simple moving average of $18.04 and a 200 day simple moving average of $23.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. On average, research analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on INFA shares. Robert W. Baird reissued a "neutral" rating and set a $19.00 price objective (down from $35.00) on shares of Informatica in a report on Friday, February 14th. The Goldman Sachs Group cut Informatica from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Truist Financial reaffirmed a "buy" rating and issued a $24.00 price target (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. DA Davidson cut their price target on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Guggenheim reiterated a "buy" rating and issued a $37.00 price target on shares of Informatica in a research report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Informatica presently has an average rating of "Hold" and an average price target of $24.15.

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.