ProShare Advisors LLC Acquires 13,391 Shares of Informatica Inc. $INFA

ProShare Advisors LLC lifted its holdings in shares of Informatica Inc. (NYSE:INFA) by 112.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,336 shares of the technology company’s stock after buying an additional 13,391 shares during the quarter. ProShare Advisors LLC’s holdings in Informatica were worth $617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amalgamated Bank raised its holdings in Informatica by 11.9% during the 2nd quarter. Amalgamated Bank now owns 4,577 shares of the technology company’s stock valued at $111,000 after acquiring an additional 488 shares during the period. Cooper Financial Group grew its position in shares of Informatica by 3.0% in the first quarter. Cooper Financial Group now owns 24,954 shares of the technology company’s stock valued at $435,000 after purchasing an additional 718 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in shares of Informatica by 51.5% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock valued at $44,000 after purchasing an additional 862 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Informatica during the 2nd quarter worth about $31,000. Finally, Deutsche Bank AG lifted its holdings in Informatica by 126.1% during the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,660 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group upped their price target on Informatica from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Guggenheim cut shares of Informatica from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research note on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Informatica in a research note on Thursday, November 13th. Sixteen equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $23.67.

Informatica Price Performance

INFA stock opened at $24.79 on Wednesday. The company’s 50 day moving average is $24.85 and its 200 day moving average is $24.06. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 1,240.12, a price-to-earnings-growth ratio of 6.98 and a beta of 1.14. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.73. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $27.88.

Informatica (NYSE:INFA) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $439.16 million during the quarter, compared to analysts’ expectations of $437.21 million. Informatica had a net margin of 0.62% and a return on equity of 5.51%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. Sell-side analysts predict that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 10,193 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $24.89, for a total transaction of $253,703.77. Following the sale, the executive vice president owned 309,204 shares in the company, valued at $7,696,087.56. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruce R. Chizen sold 246,590 shares of Informatica stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total value of $6,147,488.70. Following the sale, the insider directly owned 368,874 shares of the company’s stock, valued at approximately $9,196,028.82. This trade represents a 40.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 353,978 shares of company stock valued at $8,820,318 over the last ninety days. 2.80% of the stock is currently owned by insiders.

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.