EntryPoint Capital LLC Buys Shares of 31,137 Informatica Inc. (NYSE:INFA)

EntryPoint Capital LLC acquired a new position in Informatica Inc. (NYSE:INFA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,137 shares of the technology company's stock, valued at approximately $807,000. Informatica makes up 0.3% of EntryPoint Capital LLC's portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new position in Informatica during the fourth quarter worth $32,000. Quarry LP purchased a new stake in shares of Informatica during the third quarter worth about $38,000. National Bank of Canada FI raised its position in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock valued at $43,000 after buying an additional 1,644 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Informatica during the fourth quarter valued at approximately $54,000. Finally, PNC Financial Services Group Inc. boosted its position in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after acquiring an additional 667 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial reiterated a "buy" rating and issued a $24.00 price target (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Baird R W lowered Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company downgraded shares of Informatica from a "buy" rating to an "equal weight" rating in a research note on Friday, February 14th. Cantor Fitzgerald initiated coverage on shares of Informatica in a research report on Friday, January 17th. They issued a "neutral" rating and a $29.00 target price on the stock. Finally, Royal Bank of Canada downgraded shares of Informatica from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $35.00 to $19.00 in a report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $24.67.

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Informatica Stock Down 2.1 %

Shares of INFA traded down $0.39 during mid-day trading on Friday, reaching $18.12. 1,691,646 shares of the stock traded hands, compared to its average volume of 2,064,083. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 604.03, a P/E/G ratio of 4.44 and a beta of 1.04. The stock has a fifty day simple moving average of $21.31 and a 200 day simple moving average of $24.33. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). The firm had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. Sell-side analysts expect that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at Informatica

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

Informatica Profile

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.