Circumference Group LLC Has $4.54 Million Holdings in Informatica Inc. $INFA

Circumference Group LLC grew its stake in shares of Informatica Inc. (NYSE:INFA) by 52.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 260,000 shares of the technology company’s stock after acquiring an additional 90,000 shares during the period. Informatica comprises 5.6% of Circumference Group LLC’s investment portfolio, making the stock its 9th biggest position. Circumference Group LLC owned approximately 0.09% of Informatica worth $4,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,216 shares during the period. Versant Capital Management Inc grew its stake in Informatica by 7,053.8% in the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock valued at $32,000 after buying an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in Informatica by 51.5% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock valued at $44,000 after buying an additional 862 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Informatica by 1,545.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock valued at $49,000 after buying an additional 2,642 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Informatica by 126.1% in the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock valued at $52,000 after buying an additional 1,660 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Informatica Stock Performance

Informatica stock opened at $24.94 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $7.60 billion, a PE ratio of -623.38, a P/E/G ratio of 6.72 and a beta of 1.15. The firm has a fifty day simple moving average of $24.60 and a two-hundred day simple moving average of $21.48. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $28.14.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). The business had revenue of $407.34 million during the quarter, compared to the consensus estimate of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Research analysts expect that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

INFA has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $25.00 price objective (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. UBS Group lifted their price objective on shares of Informatica from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Truist Financial lowered shares of Informatica from a “strong-buy” rating to a “hold” rating and lifted their price objective for the company from $24.00 to $25.00 in a research note on Wednesday, May 28th. The Goldman Sachs Group boosted their price target on shares of Informatica from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company boosted their price target on shares of Informatica from $19.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 28th. Sixteen analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Informatica currently has an average rating of “Hold” and an average price target of $23.67.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 49,104 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.72, for a total value of $1,213,850.88. Following the completion of the sale, the executive vice president directly owned 352,266 shares of the company’s stock, valued at $8,708,015.52. The trade was a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is owned by corporate 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.