PDT Partners LLC Cuts Stock Holdings in Informatica Inc. (NYSE:INFA)

PDT Partners LLC trimmed its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 48.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,571 shares of the technology company's stock after selling 19,702 shares during the quarter. PDT Partners LLC's holdings in Informatica were worth $533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after purchasing an additional 1,591,037 shares during the period. Vanguard Group Inc. boosted its holdings in Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after acquiring an additional 2,409,023 shares during the period. FIL Ltd increased its stake in Informatica by 0.9% in the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock worth $270,949,000 after purchasing an additional 93,685 shares during the period. FMR LLC lifted its position in shares of Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock worth $268,889,000 after purchasing an additional 10,361,617 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Informatica by 16.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after purchasing an additional 1,168,158 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Stock Performance

NYSE:INFA traded up $0.13 during midday trading on Wednesday, hitting $18.86. The company's stock had a trading volume of 226,808 shares, compared to its average volume of 2,106,835. 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 Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $31.65. The firm's 50 day moving average is $18.01 and its 200-day moving average is $22.76. The firm has a market cap of $5.71 billion, a P/E ratio of 628.14, a P/E/G ratio of 4.44 and a beta of 1.04.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank of Canada cut shares of Informatica from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Bank of America lowered Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Wedbush downgraded Informatica to a "neutral" rating in a research report on Friday, February 14th. DA Davidson lowered their price objective on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $24.15.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the sale, the executive vice president now directly owns 416,410 shares in the company, valued at $7,516,200.50. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 48.10% 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.