ProShare Advisors LLC Increases Stake in Informatica Inc. $INFA

ProShare Advisors LLC lifted its holdings in shares of Informatica Inc. (NYSE:INFA) by 112.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,336 shares of the technology company’s stock after purchasing an additional 13,391 shares during the period. ProShare Advisors LLC’s holdings in Informatica were worth $617,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in INFA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Informatica during the second quarter valued at about $31,000. IFP Advisors Inc purchased a new position in shares of Informatica in the second quarter worth about $50,000. New Age Alpha Advisors LLC lifted its stake in shares of Informatica by 51.5% in 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 during the last quarter. Deutsche Bank AG boosted 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 valued at $52,000 after acquiring an additional 1,660 shares during the period. Finally, Amalgamated Bank grew its position in Informatica by 11.9% during the 2nd 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. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Informatica

In other Informatica news, Director Gerald Held sold 70,212 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $1,750,385.16. Following the transaction, the director owned 198,845 shares in the company, valued at approximately $4,957,205.85. This represents a 26.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce R. Chizen sold 246,590 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 368,874 shares of the company’s stock, valued at $9,196,028.82. This represents a 40.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 353,978 shares of company stock worth $8,820,318 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Informatica Price Performance

INFA opened at $24.79 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market capitalization of $7.64 billion, a PE ratio of 1,240.12, a price-to-earnings-growth ratio of 6.98 and a beta of 1.14. The stock’s 50 day moving average price is $24.85 and its 200-day moving average price is $24.06. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $27.88.

Informatica (NYSE:INFA) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $439.16 million for 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 firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, equities research analysts predict that Informatica Inc. will post 0.63 EPS for the current year.

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.