Walleye Capital LLC Invests $3.72 Million in Informatica Inc. (NYSE:INFA)

Walleye Capital LLC bought a new stake in Informatica Inc. (NYSE:INFA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 143,500 shares of the technology company's stock, valued at approximately $3,721,000.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock worth $268,889,000 after buying an additional 10,361,617 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Informatica by 52.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock worth $184,804,000 after buying an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after purchasing an additional 2,409,023 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Informatica by 13.8% during the fourth 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 last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Informatica during the fourth quarter worth $36,236,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now owns 328,799 shares of the company's stock, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 48.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on INFA. UBS Group reduced their target price on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, February 14th. Wedbush cut shares of Informatica to a "neutral" rating in a report on Friday, February 14th. Truist Financial restated a "buy" rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a research report on Friday, February 14th. Cantor Fitzgerald initiated coverage on shares of Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price target on the stock. Finally, Guggenheim restated a "buy" rating and set a $37.00 price target on shares of Informatica in a research report on Friday, January 31st. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Informatica presently has an average rating of "Hold" and a consensus target price of $24.15.

Informatica Price Performance

Shares of NYSE:INFA traded up $0.79 during midday trading on Wednesday, hitting $17.95. The company had a trading volume of 568,966 shares, compared to its average volume of 2,871,968. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $32.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 598.53, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. The business's 50-day simple moving average is $18.18 and its 200-day simple moving average is $23.29.

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). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. On average, research analysts predict that Informatica Inc. will post 0.63 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.