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

Cwm LLC raised its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 45.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,859 shares of the technology company's stock after purchasing an additional 23,992 shares during the quarter. Cwm LLC's holdings in Informatica were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the period. Pictet Asset Management Holding SA increased its holdings in Informatica by 52.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock worth $184,804,000 after acquiring an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. increased its holdings in Informatica by 28.6% in the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after acquiring an additional 2,409,023 shares during the last quarter. Wellington Management Group LLP raised its stake in Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after acquiring an additional 1,591,037 shares during the period. Finally, Norges Bank purchased a new stake in Informatica during the fourth quarter valued at about $25,265,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Trading Down 0.1%

Shares of Informatica stock opened at $24.51 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.92 and a quick ratio of 1.92. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $28.14. The firm has a market cap of $7.42 billion, a PE ratio of -2,451,000.00, a PEG ratio of 5.93 and a beta of 1.15. The company has a 50 day simple moving average of $23.29 and a two-hundred day simple moving average of $21.53.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The company had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. Informatica had a net margin of 0.12% and a return on equity of 5.89%. The firm's revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. Analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wolfe Research cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. restated a "neutral" rating and set a $25.00 target price (up previously from $24.00) on shares of Informatica in a research report on Wednesday, May 28th. The Goldman Sachs Group raised their price target on Informatica from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. UBS Group increased their price objective on Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and lifted their target price for the company from $24.00 to $25.00 in a report on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.46.

Insider Transactions at Informatica

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total value of $2,399,254.20. Following the completion of the sale, the executive vice president owned 391,959 shares of the company's stock, valued at $9,465,809.85. This represents a 20.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 116,199 shares of Informatica stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the transaction, the executive vice president directly owned 382,005 shares in the company, valued at $9,168,120. This trade represents a 23.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 287,708 shares of company stock worth $6,807,793. 2.80% of the stock is currently owned by insiders.

Informatica Company 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.

Want to see what other hedge funds are holding INFA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Informatica Inc. (NYSE:INFA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.