Lbp Am Sa Purchases 188,879 Shares of Informatica Inc. (NYSE:INFA)

LBP AM SA raised its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 44.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 609,932 shares of the technology company's stock after buying an additional 188,879 shares during the period. LBP AM SA owned about 0.20% of Informatica worth $15,816,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Informatica by 62.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company's stock valued at $15,571,000 after buying an additional 237,876 shares during the period. Summit Partners Public Asset Management LLC purchased a new position in Informatica during the 3rd quarter valued at $2,781,000. Wellington Management Group LLP raised its holdings in Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company's stock worth $292,339,000 after purchasing an additional 2,662,379 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock worth $37,519,000 after purchasing an additional 1,324,006 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Informatica by 34.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company's stock valued at $30,677,000 after purchasing an additional 311,003 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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Informatica Stock Performance

NYSE:INFA traded down $0.06 during mid-day trading on Tuesday, reaching $18.36. The company's stock had a trading volume of 2,289,955 shares, compared to its average volume of 2,015,641. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5.56 billion, a P/E ratio of 612.17, a PEG ratio of 4.44 and a beta of 1.04. The firm's fifty day moving average price is $22.48 and its two-hundred day moving average price is $24.72. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80.

Informatica (NYSE:INFA - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $428.31 million during the quarter, compared to analysts' expectations of $457.55 million. On average, equities analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the transaction, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 48.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group lowered shares of Informatica from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Truist Financial restated a "buy" rating and set a $24.00 price target (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target for the company. in a research note on Friday, February 14th. Guggenheim restated a "buy" rating and issued a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. Finally, Wedbush lowered Informatica to a "neutral" rating in a research report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $24.67.

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.