Renaissance Technologies LLC Takes $5.40 Million Position in Informatica Inc. (NYSE:INFA)

Renaissance Technologies LLC acquired a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 208,300 shares of the technology company's stock, valued at approximately $5,401,000. Renaissance Technologies LLC owned 0.07% of Informatica as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of Informatica during the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC purchased a new stake in Informatica in the fourth quarter worth $43,000. FNY Investment Advisers LLC bought a new stake in shares of Informatica during the fourth quarter worth $54,000. PNC Financial Services Group Inc. boosted its stake in shares of Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after purchasing an additional 667 shares during the period. Finally, KBC Group NV boosted its stake in shares of 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 period. Institutional investors own 98.45% of the company's stock.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica 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 completion of the sale, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 48.10% of the company's stock.

Informatica Stock Up 0.7 %

INFA traded up $0.14 during trading on Friday, hitting $18.59. The stock had a trading volume of 406,176 shares, compared to its average volume of 2,099,372. The stock has a 50 day simple moving average of $18.12 and a two-hundred day simple moving average of $23.20. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $32.54. The company has a market capitalization of $5.62 billion, a PE ratio of 619.21, a PEG ratio of 4.44 and a beta of 1.06.

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 business 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.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INFA. Robert W. Baird reiterated a "neutral" rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Truist Financial reaffirmed a "buy" rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. The Goldman Sachs Group cut Informatica from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. DA Davidson decreased their target price on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Cantor Fitzgerald started coverage on Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price target on the stock. Thirteen 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 stock currently has an average rating of "Hold" and an average price target of $24.15.

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.