Canvas Wealth Advisors LLC Buys Shares of 25,651 Informatica Inc. $INFA

Key Points

• Canvas Wealth Advisors LLC has purchased 25,651 shares of Informatica Inc. valued at approximately $630,000, as disclosed in a recent SEC filing.
• Multiple institutional investors have either reduced or increased their stakes in Informatica, with 98.45% of the company's stock now held by institutional investors and hedge funds.
• Analyst ratings for Informatica reflect a mixed outlook, with one firm raising its price target to $25.00, while others downgraded their ratings, indicating a cautious view on the stock.

Canvas Wealth Advisors LLC bought a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,651 shares of the technology company's stock, valued at approximately $630,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in Informatica during the 2nd quarter valued at approximately $50,000. New Age Alpha Advisors LLC increased its position in Informatica by 51.5% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock valued at $44,000 after purchasing an additional 862 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Informatica by 1,545.0% during 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 purchasing an additional 2,642 shares during the period. Deutsche Bank AG increased its position in Informatica by 126.1% during the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock valued at $52,000 after purchasing an additional 1,660 shares during the period. Finally, Amalgamated Bank grew its position in shares of Informatica by 16.9% during the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock worth $71,000 after buying an additional 591 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

INFA has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Guggenheim downgraded shares of Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Informatica in a research report on Wednesday, October 8th. Sixteen analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $23.67.

Insider Buying and Selling

In other Informatica news, CAO Francis R. Santiago sold 16,790 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total transaction of $416,056.20. Following the transaction, the chief accounting officer directly owned 43,851 shares in the company, valued at approximately $1,086,627.78. This trade represents a 27.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Held sold 70,212 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total value of $1,750,385.16. Following the transaction, the director owned 198,845 shares in the company, valued at approximately $4,957,205.85. This trade represents a 26.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 403,082 shares of company stock valued at $10,034,169 in the last 90 days. Insiders own 2.80% of the company's stock.

Informatica Price Performance

Shares of NYSE:INFA opened at $24.82 on Monday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75. The stock's fifty day simple moving average is $24.83 and its two-hundred day simple moving average is $22.91. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $28.14. The stock has a market cap of $7.56 billion, a PE ratio of -620.50, a price-to-earnings-growth ratio of 7.10 and a beta of 1.14.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data 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). Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The company had revenue of $407.34 million for the quarter, compared to the consensus estimate of $401.76 million. During the same quarter last year, the business posted $0.23 earnings per share. Informatica's revenue was up 1.7% on a year-over-year basis. As a group, analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal 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.

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