Informatica Inc. $INFA Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Informatica Inc. by 0.7%, holding 10,771,572 shares valued at approximately $188 million.
• Multiple large investors have increased their positions in Informatica, with Parallel Advisors LLC raising its stake by 540.4% in the first quarter of the year.
• Informatica reported a EPS of $0.18 for the latest quarter, falling short of analysts' estimates of $0.21, while revenue was noted at $407.34 million.

Vanguard Group Inc. reduced its position in Informatica Inc. (NYSE:INFA - Free Report) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,771,572 shares of the technology company's stock after selling 72,974 shares during the quarter. Vanguard Group Inc. owned 3.56% of Informatica worth $187,964,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Informatica by 21.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,618,777 shares of the technology company's stock valued at $41,975,000 after buying an additional 290,587 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Informatica by 47.6% during the 4th quarter. Ameriprise Financial Inc. now owns 1,096,479 shares of the technology company's stock worth $28,432,000 after acquiring an additional 353,717 shares during the last quarter. TFG Asset Management GP Ltd boosted its holdings in Informatica by 50.0% during the 4th quarter. TFG Asset Management GP Ltd now owns 600,000 shares of the technology company's stock valued at $15,558,000 after acquiring an additional 200,000 shares during the period. Balyasny Asset Management L.P. purchased a new position in Informatica during the 4th quarter valued at $14,464,000. Finally, Ghisallo Capital Management LLC bought a new position in Informatica in the 4th quarter valued at $12,965,000. Institutional investors own 98.45% of the company's stock.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 49,104 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $24.72, for a total transaction of $1,213,850.88. Following the completion of the sale, the executive vice president directly owned 352,266 shares in the company, valued at $8,708,015.52. This represents a 12.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ansa Sekharan sold 99,348 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $24.15, for a total value of $2,399,254.20. Following the sale, the executive vice president directly owned 391,959 shares in the company, valued at approximately $9,465,809.85. The trade was a 20.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 197,381 shares of company stock valued at $4,798,165. Corporate insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on INFA shares. Guggenheim downgraded Informatica from a "buy" rating to a "neutral" rating and set a $27.00 target price for the company. in a research report on Wednesday, August 6th. Wells Fargo & Company raised their price target on shares of Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. Wolfe Research cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Truist Financial downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating and upped their target price for the stock from $24.00 to $25.00 in a research note on Wednesday, May 28th. Finally, Royal Bank Of Canada set a $25.00 price target on shares of Informatica in a research note on Wednesday, May 28th. Sixteen analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.67.

Informatica Stock Up 0.1%

Shares of NYSE INFA traded up $0.0250 during midday trading on Friday, reaching $24.7450. 2,630,963 shares of the company's stock traded hands, compared to its average volume of 2,434,473. The company has a market cap of $7.49 billion, a price-to-earnings ratio of -618.63, a P/E/G ratio of 6.67 and a beta of 1.15. The stock's 50 day simple moving average is $24.48 and its 200-day simple moving average is $21.45. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. Informatica Inc. has a one year low of $15.65 and a one year high of $28.14.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The business had revenue of $407.34 million during the quarter, compared to the consensus estimate of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. On average, analysts predict that Informatica Inc. will post 0.63 EPS for the current fiscal year.

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.