GAMMA Investing LLC Has $3.56 Million Stock Holdings in Informatica Inc. (NYSE:INFA)

GAMMA Investing LLC grew its stake in Informatica Inc. (NYSE:INFA - Free Report) by 1,346.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,417 shares of the technology company's stock after purchasing an additional 19,005 shares during the quarter. GAMMA Investing LLC's holdings in Informatica were worth $3,560,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in shares of Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after purchasing an additional 667 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Informatica during the fourth quarter valued at approximately $43,000. Versant Capital Management Inc grew its holdings in shares of Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after purchasing an additional 1,834 shares during the last quarter. Flputnam Investment Management Co. grew its holdings in shares of Informatica by 1.9% during the fourth quarter. Flputnam Investment Management Co. now owns 112,444 shares of the technology company's stock valued at $2,916,000 after purchasing an additional 2,129 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Informatica by 1.9% during the fourth quarter. Swiss National Bank now owns 127,300 shares of the technology company's stock worth $3,301,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 11,729 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $19.36, for a total value of $227,073.44. Following the transaction, the executive vice president now directly owns 404,681 shares of the company's stock, valued at $7,834,624.16. The trade was a 2.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ansa Sekharan sold 99,348 shares of the business'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 transaction, the executive vice president now directly owns 391,959 shares in the company, valued at $9,465,809.85. The trade was a 20.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 238,779 shares of company stock valued at $5,622,733 over the last three months. 2.80% of the stock is owned by corporate insiders.

Informatica Stock Down 0.1%

Shares of NYSE:INFA traded down $0.03 during midday trading on Friday, hitting $24.10. 4,487,216 shares of the stock were exchanged, compared to its average volume of 2,669,012. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $31.65. The business's fifty day simple moving average is $20.18 and its two-hundred day simple moving average is $21.99. The company has a market capitalization of $7.29 billion, a PE ratio of 803.43, a P/E/G ratio of 4.44 and a beta of 1.17.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. As a group, research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on INFA shares. Truist Financial downgraded Informatica from a "strong-buy" rating to a "hold" rating and boosted their price objective for the stock from $24.00 to $25.00 in a research report on Wednesday, May 28th. UBS Group upped their target price on Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company upped their target price on Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Baird R W downgraded Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price for the company. in a research report on Friday, February 14th. Sixteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $24.46.

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.