Renaissance Capital LLC Purchases 1,373 Shares of Informatica Inc. (NYSE:INFA)

Renaissance Capital LLC grew its position in Informatica Inc. (NYSE:INFA) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,526 shares of the technology company’s stock after purchasing an additional 1,373 shares during the quarter. Renaissance Capital LLC’s holdings in Informatica were worth $998,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of Informatica during the 4th quarter valued at $39,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Informatica during the 4th quarter valued at $46,000. Quarry LP lifted its position in shares of Informatica by 186.9% during the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,482 shares during the period. Quent Capital LLC lifted its position in shares of Informatica by 86.2% during the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,106 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in shares of Informatica during the 4th quarter valued at $215,000. 98.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Guggenheim reiterated a “buy” rating and set a $37.00 target price on shares of Informatica in a research report on Tuesday, April 23rd. Robert W. Baird assumed coverage on shares of Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $41.00 price objective on shares of Informatica in a report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Informatica presently has a consensus rating of “Moderate Buy” and an average price target of $35.45.

Informatica Stock Up 0.1 %

Shares of INFA stock traded up $0.04 on Thursday, hitting $30.09. The stock had a trading volume of 895,410 shares, compared to its average volume of 1,649,588. The business has a 50 day moving average of $30.80 and a 200 day moving average of $31.06. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of -1,502.50, a price-to-earnings-growth ratio of 7.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.90. Informatica Inc. has a 12-month low of $17.46 and a 12-month high of $39.80.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $388.61 million during the quarter, compared to analysts’ expectations of $384.97 million. Informatica had a net margin of 0.03% and a return on equity of 5.31%. As a group, analysts expect that Informatica Inc. will post 0.52 EPS for the current year.

Insider Activity

In related news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.51, for a total transaction of $356,023.26. Following the completion of the transaction, the chief accounting officer now owns 150,937 shares in the company, valued at $5,359,772.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP John Arthur Schweitzer sold 65,891 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the completion of the transaction, the executive vice president now owns 481,011 shares in the company, valued at $17,075,890.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.51, for a total transaction of $356,023.26. Following the transaction, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at approximately $5,359,772.87. The disclosure for this sale can be found here. Insiders sold a total of 171,518 shares of company stock worth $5,425,518 over the last quarter. 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.