Informatica Inc. (NYSE:INFA) Shares Sold by Washington Harbour Partners LP

Washington Harbour Partners LP lessened its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 76.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,400 shares of the technology company's stock after selling 46,700 shares during the quarter. Informatica comprises approximately 0.7% of Washington Harbour Partners LP's portfolio, making the stock its 23rd largest position. Washington Harbour Partners LP's holdings in Informatica were worth $364,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. acquired a new position in Informatica during the 2nd quarter worth about $32,000. Quarry LP purchased a new stake in shares of Informatica during the third quarter worth $38,000. Summit Securities Group LLC purchased a new position in Informatica in the second quarter valued at $46,000. Amalgamated Bank grew its stake in Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock worth $108,000 after purchasing an additional 1,037 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in Informatica during the 3rd quarter worth about $149,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on INFA shares. Guggenheim reissued a "buy" rating on shares of Informatica in a research report on Friday, October 18th. JPMorgan Chase & Co. reduced their price objective on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, UBS Group increased their target price on Informatica from $27.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.20.

Insider Buying and Selling at Informatica

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

Informatica Stock Performance

NYSE INFA traded up $0.03 during trading on Friday, reaching $27.13. The company's stock had a trading volume of 2,457,255 shares, compared to its average volume of 1,760,287. The business's fifty day moving average price is $26.04 and its 200-day moving average price is $26.51. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 129.33, a P/E/G ratio of 5.73 and a beta of 1.00.

Informatica announced that its board has authorized a share repurchase program on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Informatica Company 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.