Cinctive Capital Management LP Buys 250,927 Shares of Informatica Inc. (NYSE:INFA)

Cinctive Capital Management LP raised its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 190.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 382,519 shares of the technology company's stock after acquiring an additional 250,927 shares during the quarter. Cinctive Capital Management LP owned approximately 0.13% of Informatica worth $9,919,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Informatica by 62.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company's stock valued at $15,571,000 after purchasing an additional 237,876 shares during the period. Victory Capital Management Inc. grew its holdings in Informatica by 21.0% during the 4th quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company's stock valued at $534,000 after buying an additional 3,575 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Informatica by 29.9% during the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company's stock valued at $292,339,000 after buying an additional 2,662,379 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock worth $37,519,000 after buying an additional 1,324,006 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Informatica by 34.5% during the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company's stock worth $30,677,000 after acquiring an additional 311,003 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

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Informatica Trading Down 2.2 %

Shares of INFA traded down $0.37 during midday trading on Monday, hitting $16.31. The stock had a trading volume of 765,308 shares, compared to its average volume of 2,360,553. The stock's 50 day moving average is $20.57 and its 200 day moving average is $24.04. The firm has a market cap of $4.93 billion, a PE ratio of 543.68, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. 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 1 year low of $15.97 and a 1 year high of $39.80.

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

Analyst Upgrades and Downgrades

INFA has been the topic of a number of research reports. Royal Bank of Canada downgraded shares of Informatica from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $35.00 to $19.00 in a report on Friday, February 14th. Guggenheim reiterated a "buy" rating and issued a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Wells Fargo & Company lowered Informatica from a "buy" rating to an "equal weight" rating in a research note on Friday, February 14th. Wedbush downgraded Informatica to a "neutral" rating in a research note on Friday, February 14th. Finally, Baird R W downgraded Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $24.67.

Insider Transactions at Informatica

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