Informatica Inc. (NYSE:INFA) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 73.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 490,316 shares of the technology company's stock after selling 1,349,020 shares during the quarter. Millennium Management LLC owned 0.16% of Informatica worth $12,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in shares of Informatica by 35.3% in 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. KBC Group NV grew its position in shares of 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 purchasing an additional 1,325 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Informatica by 30.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock valued at $159,000 after purchasing an additional 1,437 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Informatica in the fourth quarter valued at approximately $43,000. Finally, Flputnam Investment Management Co. grew its position in shares of Informatica by 1.9% in 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. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 116,199 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the transaction, the executive vice president now owns 382,005 shares of the company's stock, valued at $9,168,120. This trade represents a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 150,934 shares of company stock valued at $3,432,603 over the last quarter. Company insiders own 48.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Truist Financial lowered shares of Informatica from a "strong-buy" rating to a "hold" rating and increased their price target for the company from $24.00 to $25.00 in a research report on Wednesday. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $25.00 price target (up from $24.00) on shares of Informatica in a research report on Wednesday. DA Davidson lowered their price target on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target on the stock. in a research report on Friday, February 14th. Finally, Royal Bank of Canada set a $25.00 target price on shares of Informatica in a research report on Wednesday. Sixteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $24.46.

Informatica Trading Down 0.8%

NYSE:INFA traded down $0.21 during trading hours on Thursday, reaching $24.09. 1,110,682 shares of the company were exchanged, compared to its average volume of 3,611,657. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 803.10, a PEG ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $31.65. The stock has a 50 day simple moving average of $18.63 and a 200 day simple moving average of $22.11.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates 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 net margin of 0.61% and a return on equity of 5.76%. Informatica's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, analysts predict that Informatica Inc. will post 0.63 EPS for the current 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.