Magnetar Financial LLC Acquires New Stake in Informatica Inc. (NYSE:INFA)

Magnetar Financial LLC acquired a new stake in shares of Informatica Inc. (NYSE:INFA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,442 shares of the technology company’s stock, valued at approximately $477,000.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in Informatica during the second quarter valued at $32,000. ORG Partners LLC purchased a new stake in Informatica during the first quarter valued at about $43,000. Summit Securities Group LLC purchased a new stake in Informatica during the second quarter valued at about $46,000. Quarry LP raised its position in Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,482 shares in the last quarter. Finally, Amalgamated Bank raised its position in Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Informatica Stock Up 0.8 %

INFA opened at $25.66 on Wednesday. The company has a market cap of $7.57 billion, a P/E ratio of -1,283.00, a P/E/G ratio of 5.14 and a beta of 1.06. The business’s 50-day moving average price is $24.51 and its 200-day moving average price is $29.18. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica Inc. has a 12 month low of $18.71 and a 12 month high of $39.80.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The company had revenue of $400.63 million for the quarter, compared to the consensus estimate of $402.97 million. During the same quarter in the previous year, the business earned $0.02 EPS. Informatica’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that Informatica Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

INFA has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price target on shares of Informatica in a research report on Wednesday, July 31st. Citigroup lowered their price target on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Guggenheim restated a “buy” rating and set a $37.00 price target on shares of Informatica in a research report on Tuesday, June 25th. UBS Group lowered their price target on Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group decreased their price objective on Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.55.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the transaction, the executive vice president now owns 437,348 shares in the company, valued at approximately $12,324,466.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the sale, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of Informatica stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now directly owns 437,348 shares in the company, valued at $12,324,466.64. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Informatica Profile

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.