Harber Asset Management LLC Makes New Investment in Informatica Inc. (NYSE:INFA)

Harber Asset Management LLC bought a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 436,565 shares of the technology company's stock, valued at approximately $11,320,000. Informatica accounts for 3.4% of Harber Asset Management LLC's holdings, making the stock its 12th biggest position. Harber Asset Management LLC owned 0.14% of Informatica as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 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 worth $534,000 after acquiring an additional 3,575 shares in the last quarter. Norges Bank acquired a new stake in shares of Informatica during the 4th quarter valued at approximately $25,265,000. JPMorgan Chase & Co. raised its position in shares of Informatica by 826.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock valued at $37,519,000 after acquiring an additional 1,324,006 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 311,003 shares during the last quarter. Finally, KBC Group NV increased its stake in Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after purchasing an additional 1,325 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Guggenheim reaffirmed a "buy" rating and set a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Cantor Fitzgerald initiated coverage on Informatica in a research report on Friday, January 17th. They issued a "neutral" rating and a $29.00 target price on the stock. Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. The Goldman Sachs Group cut shares of Informatica from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $38.00 to $20.00 in a research report on Friday, February 14th. Finally, DA Davidson reduced their price objective on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $24.15.

Informatica Trading Up 0.8 %

Informatica stock traded up $0.14 during midday trading on Friday, reaching $17.53. The stock had a trading volume of 3,597,657 shares, compared to its average volume of 2,121,005. The firm's fifty day simple moving average is $18.69 and its two-hundred day simple moving average is $23.44. 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 twelve month low of $15.65 and a twelve month high of $35.92. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 584.53, a PEG ratio of 4.44 and a beta of 1.06.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The business had revenue of $428.31 million for the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

Insider Transactions at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. The trade was 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 currently owned by company insiders.

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.