131,592 Shares in Informatica Inc. (NYSE:INFA) Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP purchased a new stake in Informatica Inc. (NYSE:INFA) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 131,592 shares of the technology company’s stock, valued at approximately $3,327,000.

A number of other institutional investors and hedge funds also recently modified their holdings of INFA. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Informatica by 11.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock worth $201,000 after buying an additional 810 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Informatica by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company’s stock worth $674,000 after purchasing an additional 902 shares during the period. Verdence Capital Advisors LLC grew its position in Informatica by 10.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock worth $263,000 after purchasing an additional 993 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in Informatica during the 2nd quarter valued at $32,000. Finally, Amalgamated Bank lifted its holdings in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Stock Down 0.3 %

Shares of Informatica stock opened at $26.45 on Tuesday. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 125.96, a P/E/G ratio of 5.64 and a beta of 1.00. The stock has a 50-day simple moving average of $25.93 and a 200-day simple moving average of $26.52. Informatica Inc. has a 52-week low of $22.08 and a 52-week high of $39.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica declared that its Board of Directors has approved a share buyback plan on Wednesday, October 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 5.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the transaction, the chief accounting officer now owns 142,671 shares in the company, valued at approximately $3,817,875.96. This trade represents a 6.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Analysts Set New Price Targets

INFA has been the topic of a number of research analyst reports. UBS Group lifted their price target on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Guggenheim reissued a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Informatica presently has a consensus rating of “Moderate Buy” and an average price target of $33.20.

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.