Mirae Asset Global Investments Co. Ltd. Purchases 35,788 Shares of Informatica Inc. (NYSE:INFA)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 37.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,470 shares of the technology company's stock after purchasing an additional 35,788 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Informatica were worth $3,761,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in INFA. Wellington Management Group LLP raised its stake in shares of Informatica by 30.5% during the first quarter. Wellington Management Group LLP now owns 8,339,728 shares of the technology company's stock valued at $164,626,000 after purchasing an additional 1,949,022 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Informatica during the third quarter valued at approximately $14,375,000. Price T Rowe Associates Inc. MD increased its stake in shares of Informatica by 202.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 976,649 shares of the technology company's stock worth $19,602,000 after buying an additional 653,473 shares during the last quarter. Capital World Investors bought a new stake in shares of Informatica in the first quarter worth $7,851,000. Finally, Kennedy Capital Management LLC increased its stake in shares of Informatica by 32.5% in the third quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company's stock worth $25,525,000 after buying an additional 297,289 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Price Performance

Informatica stock traded down $0.32 during midday trading on Wednesday, hitting $34.70. The company's stock had a trading volume of 1,817,132 shares, compared to its average volume of 1,674,932. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82. The stock's 50-day moving average price is $34.08 and its 200-day moving average price is $28.59. Informatica Inc. has a 12 month low of $13.29 and a 12 month high of $39.80. The company has a market capitalization of $10.24 billion, a PE ratio of -75.43, a price-to-earnings-growth ratio of 7.66 and a beta of 1.08.

Informatica (NYSE:INFA - Get Free Report) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). The business had revenue of $445.18 million during the quarter, compared to analyst estimates of $431.51 million. Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. Analysts anticipate that Informatica Inc. will post 0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Amit Walia sold 85,996 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the transaction, the chief executive officer now directly owns 2,537,995 shares in the company, valued at $86,647,149.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $35.51, for a total transaction of $356,023.26. Following the sale, the chief accounting officer now owns 150,937 shares in the company, valued at $5,359,772.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amit Walia sold 85,996 shares of the firm's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The disclosure for this sale can be found here. Insiders sold 243,600 shares of company stock valued at $8,259,201 over the last 90 days. 53.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INFA. Robert W. Baird began coverage on shares of Informatica in a research note on Tuesday, April 2nd. They issued an "outperform" rating and a $43.00 price target for the company. The Goldman Sachs Group upgraded shares of Informatica from a "neutral" rating to a "buy" rating and boosted their target price for the company from $26.00 to $44.00 in a research note on Friday, February 16th. Royal Bank of Canada reiterated an "outperform" rating and set a $41.00 target price on shares of Informatica in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Informatica from $33.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. Finally, Citigroup boosted their target price on shares of Informatica from $28.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $34.78.

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.