Informatica Inc. (NYSE:INFA) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 98.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,316 shares of the technology company's stock after selling 116,098 shares during the quarter. Deutsche Bank AG's holdings in Informatica were worth $34,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC acquired a new position in shares of Informatica in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. raised its position in 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 acquiring an additional 667 shares in the last quarter. KBC Group NV lifted its holdings in Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after acquiring an additional 1,325 shares during the period. Aquatic Capital Management LLC purchased a new stake in Informatica in the 4th quarter worth approximately $88,000. Finally, Sterling Capital Management LLC grew its stake in shares of Informatica by 98.6% during the 4th quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company's stock worth $125,000 after purchasing an additional 2,402 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Trading Down 0.1%

INFA stock traded down $0.02 during midday trading on Friday, hitting $24.14. 2,443,245 shares of the company's stock were exchanged, compared to its average volume of 2,615,351. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $31.65. The business has a 50-day simple moving average of $19.32 and a two-hundred day simple moving average of $22.07. The stock has a market capitalization of $7.30 billion, a PE ratio of 804.93, a P/E/G ratio of 4.44 and a beta of 1.17. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last issued 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. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. During the same period last year, the company earned $0.22 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts predict that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the transaction, the executive vice president now owns 416,410 shares of the company's stock, valued at approximately $7,516,200.50. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 150,934 shares of company stock valued at $3,432,603. Company insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INFA shares. Scotiabank lifted their price objective on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. DA Davidson cut their price target on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada set a $25.00 target price on Informatica in a research report on Wednesday, May 28th. Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Robert W. Baird increased their price objective on Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Sixteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Informatica has a consensus rating of "Hold" and a consensus target price of $24.46.

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.