Informatica Inc. $INFA Stake Cut by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its holdings in shares of Informatica Inc. (NYSE:INFA) by 61.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 354,715 shares of the technology company’s stock after selling 567,826 shares during the quarter. Kennedy Capital Management LLC’s holdings in Informatica were worth $8,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Informatica in the 2nd quarter valued at about $31,000. IFP Advisors Inc acquired a new stake in shares of Informatica during the 2nd quarter valued at $50,000. New Age Alpha Advisors LLC grew its holdings 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 acquiring an additional 862 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Informatica by 126.1% during the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,660 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Informatica by 11.9% in the second quarter. Amalgamated Bank now owns 4,577 shares of the technology company’s stock worth $111,000 after acquiring an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 10,193 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $24.89, for a total value of $253,703.77. Following the completion of the sale, the executive vice president directly owned 309,204 shares in the company, valued at approximately $7,696,087.56. The trade was a 3.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Francis R. Santiago sold 16,790 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total value of $416,056.20. Following the sale, the chief accounting officer directly owned 43,851 shares of the company’s stock, valued at $1,086,627.78. The trade was a 27.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,176 shares of company stock worth $922,444 over the last three months. 2.80% of the stock is owned by company insiders.

Informatica Stock Performance

INFA stock opened at $24.79 on Friday. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $27.88. The company has a fifty day simple moving average of $24.84 and a 200 day simple moving average of $24.46. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.73.

Informatica (NYSE:INFA) last posted its earnings results on Wednesday, November 5th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. Informatica had a net margin of 0.62% and a return on equity of 5.51%. The firm had revenue of $439.16 million for the quarter, compared to the consensus estimate of $437.21 million. During the same period in the prior year, the business posted $0.28 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts expect that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on INFA shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Informatica in a research report on Thursday, November 13th. UBS Group raised their price target on Informatica from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Sixteen analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $23.67.

Informatica 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.