Informatica Inc. (NYSE:INFA) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC decreased its position in shares of Informatica Inc. (NYSE:INFA) by 27.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,081 shares of the technology company’s stock after selling 403 shares during the period. GAMMA Investing LLC’s holdings in Informatica were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INFA. First Horizon Advisors Inc. acquired a new position in shares of Informatica in the 2nd quarter valued at $32,000. ORG Partners LLC acquired a new position in Informatica in the first quarter valued at $43,000. Summit Securities Group LLC purchased a new stake in shares of Informatica in the second quarter valued at about $46,000. Amalgamated Bank raised its holdings in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after buying an additional 1,037 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Informatica during the second quarter worth about $216,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Trading Down 0.7 %

Shares of Informatica stock opened at $26.82 on Friday. The company has a 50-day moving average of $25.05 and a two-hundred day moving average of $28.10. Informatica Inc. has a 12-month low of $18.71 and a 12-month high of $39.80. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. The stock has a market cap of $7.91 billion, a PE ratio of -1,341.00, a price-to-earnings-growth ratio of 5.20 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on INFA. Scotiabank reduced their price objective on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price target on shares of Informatica in a research note on Wednesday, July 31st. Wells Fargo & Company lowered their price objective on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Robert W. Baird cut their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, UBS Group lowered their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Informatica has a consensus rating of “Moderate Buy” and a consensus price target of $32.55.

Insider Buying and Selling

In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.