Cwm LLC Raises Stock Position in Informatica Inc. (NYSE:INFA)

Cwm LLC lifted its stake in shares of Informatica Inc. (NYSE:INFA) by 8,977.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,711 shares of the technology company’s stock after acquiring an additional 10,593 shares during the quarter. Cwm LLC’s holdings in Informatica were worth $375,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of INFA. Mirae Asset Global Investments Co. Ltd. increased its holdings in Informatica by 37.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock valued at $3,761,000 after buying an additional 35,788 shares during the period. Vanguard Group Inc. increased its holdings in Informatica by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock valued at $88,702,000 after buying an additional 42,582 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Informatica by 73.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,075 shares of the technology company’s stock valued at $314,000 after buying an additional 4,685 shares during the period. Tudor Investment Corp Et Al increased its holdings in Informatica by 34.0% during the third quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock valued at $3,861,000 after buying an additional 46,520 shares during the period. Finally, GAMMA Investing LLC purchased a new position in Informatica during the fourth quarter valued at approximately $39,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INFA has been the topic of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price objective on shares of Informatica in a report on Thursday, May 23rd. Guggenheim restated a “buy” rating and issued a $37.00 target price on shares of Informatica in a research note on Tuesday, April 23rd. Wells Fargo & Company lowered their target price on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, April 23rd. Finally, Robert W. Baird started coverage on shares of Informatica in a research note on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 target price for the company. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.45.

Insider Transactions at Informatica

In related news, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the transaction, the executive vice president now directly owns 509,381 shares in the company, valued at $14,547,921.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on 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 directly owns 150,937 shares in the company, valued at $5,359,772.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the transaction, the executive vice president now owns 509,381 shares of the company’s stock, valued at $14,547,921.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,518 shares of company stock worth $5,425,518. Company insiders own 48.10% of the company’s stock.

Informatica Trading Up 1.9 %

NYSE:INFA opened at $30.60 on Friday. Informatica Inc. has a 12 month low of $17.46 and a 12 month high of $39.80. The firm has a fifty day simple moving average of $30.47 and a 200-day simple moving average of $31.12. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $9.03 billion, a P/E ratio of -1,530.00, a PEG ratio of 7.48 and a beta of 1.06.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Informatica had a return on equity of 5.31% and a net margin of 0.03%. The company had revenue of $388.61 million for the quarter, compared to analyst estimates of $384.97 million. On average, equities research analysts anticipate that Informatica Inc. will post 0.52 earnings per share for the current 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.