Shannon River Fund Management LLC Has $16.14 Million Holdings in Informatica Inc. (NYSE:INFA)

Shannon River Fund Management LLC lessened its stake in Informatica Inc. (NYSE:INFA - Free Report) by 61.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 622,431 shares of the technology company's stock after selling 979,372 shares during the quarter. Informatica comprises approximately 2.4% of Shannon River Fund Management LLC's holdings, making the stock its 12th biggest holding. Shannon River Fund Management LLC owned approximately 0.20% of Informatica worth $16,140,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in INFA. Walleye Capital LLC purchased a new position in Informatica in the fourth quarter valued at approximately $3,721,000. Harber Asset Management LLC acquired a new position in shares of Informatica during the fourth quarter worth $11,320,000. Mariner LLC grew its stake in shares of Informatica by 44.5% during the fourth quarter. Mariner LLC now owns 19,089 shares of the technology company's stock valued at $495,000 after acquiring an additional 5,883 shares in the last quarter. Barclays PLC increased its holdings in Informatica by 5.1% during the 4th quarter. Barclays PLC now owns 71,959 shares of the technology company's stock worth $1,866,000 after purchasing an additional 3,497 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Informatica by 98.6% in the fourth quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company's stock valued at $125,000 after acquiring an additional 2,402 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the 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 completion of the sale, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 48.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

INFA has been the topic of several research analyst reports. Wells Fargo & Company cut shares of Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. Bank of America lowered Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. The Goldman Sachs Group lowered shares of Informatica from a "buy" rating to a "neutral" rating and lowered their target price for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Wedbush downgraded shares of Informatica to a "neutral" rating in a research report on Friday, February 14th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Informatica currently has an average rating of "Hold" and a consensus target price of $24.15.

Informatica Price Performance

Shares of NYSE INFA traded up $0.14 during mid-day trading on Friday, reaching $17.53. 3,597,657 shares of the company traded hands, compared to its average volume of 2,120,978. The stock has a fifty day simple moving average of $18.52 and a 200-day simple moving average of $23.39. 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 firm has a market cap of $5.30 billion, a PE ratio of 584.53, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $33.68.

Informatica (NYSE:INFA - Get Free Report) last released its 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). 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 research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal 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.