Washington Harbour Partners LP Takes Position in Informatica Inc. (NYSE:INFA)

Washington Harbour Partners LP acquired a new position in Informatica Inc. (NYSE:INFA) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 38,000 shares of the technology company’s stock, valued at approximately $1,330,000. Informatica accounts for approximately 2.2% of Washington Harbour Partners LP’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in shares of Informatica during the 1st quarter worth approximately $43,000. GAMMA Investing LLC acquired a new stake in Informatica during the 4th quarter worth $39,000. Allspring Global Investments Holdings LLC acquired a new stake in Informatica during the 4th quarter worth $46,000. Quarry LP raised its position in shares of Informatica by 186.9% during the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of Informatica by 86.2% in the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,106 shares during the period. 98.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on INFA shares. UBS Group dropped their price objective on Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday. The Goldman Sachs Group lowered their price target on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Informatica in a research note on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $37.00 target price on shares of Informatica in a research note on Tuesday, June 25th. Finally, Wells Fargo & Company cut their target price on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Informatica presently has an average rating of “Moderate Buy” and an average target price of $31.92.

Insider Activity at Informatica

In other news, EVP Ansa Sekharan sold 95,601 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the transaction, the executive vice president now directly owns 509,381 shares of the company’s stock, valued at approximately $14,547,921.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP John Arthur Schweitzer sold 64,501 shares of Informatica stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares of the company’s stock, valued at $12,324,466.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ansa Sekharan sold 95,601 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total value of $2,730,364.56. Following the sale, the executive vice president now owns 509,381 shares in the company, valued at approximately $14,547,921.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 170,128 shares of company stock valued at $4,826,124. 48.10% of the stock is owned by insiders.

Informatica Stock Up 2.5 %

INFA traded up $0.61 during trading on Thursday, hitting $24.55. The company had a trading volume of 2,980,364 shares, compared to its average volume of 1,731,508. The firm’s 50-day moving average price is $28.34 and its 200 day moving average price is $31.01. The company has a market capitalization of $7.24 billion, a PE ratio of -1,231.00, a PEG ratio of 6.00 and a beta of 1.07. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. Informatica Inc. has a one year low of $18.18 and a one year high of $39.80.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $388.61 million during the quarter, compared to the consensus estimate of $384.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.27%. As a group, equities analysts expect that Informatica Inc. will post 0.52 earnings per share for the current 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.