Informatica Inc. (NYSE:INFA) Shares Purchased by Fred Alger Management LLC

Fred Alger Management LLC boosted its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 63.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 794,084 shares of the technology company's stock after buying an additional 307,803 shares during the period. Fred Alger Management LLC owned approximately 0.27% of Informatica worth $24,521,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INFA. First Horizon Advisors Inc. bought a new position in Informatica in the 2nd quarter worth about $32,000. ORG Partners LLC purchased a new position in Informatica during the 1st quarter worth $43,000. Summit Securities Group LLC bought a new stake in Informatica during the 2nd quarter valued at $46,000. Quarry LP lifted its holdings in shares of Informatica by 186.9% in the 4th quarter. Quarry LP now owns 2,275 shares of the technology company's stock worth $65,000 after buying an additional 1,482 shares during the period. Finally, Amalgamated Bank grew its position in shares of 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 buying an additional 1,037 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Informatica Stock Up 1.1 %

Shares of INFA stock traded up $0.28 during trading hours on Thursday, reaching $25.37. 1,556,107 shares of the company's stock were exchanged, compared to its average volume of 1,713,423. Informatica Inc. has a 1 year low of $18.71 and a 1 year high of $39.80. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. The stock has a market cap of $7.49 billion, a PE ratio of -1,267.50, a PEG ratio of 5.13 and a beta of 1.06. The stock's fifty day moving average price is $24.51 and its two-hundred day moving average price is $29.15.

Informatica (NYSE:INFA - Get Free Report) last released its earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company had revenue of $400.63 million for the quarter, compared to the consensus estimate of $402.97 million. During the same quarter in the previous year, the firm earned $0.02 EPS. Informatica's revenue was up 6.6% compared to the same quarter last year. Research analysts predict that Informatica Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the sale, the chief accounting officer now owns 146,804 shares of the company's stock, valued at $4,072,342.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Informatica news, EVP John Arthur Schweitzer sold 64,501 shares of the company's stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares in the company, valued at approximately $12,324,466.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now owns 146,804 shares of the company's stock, valued at $4,072,342.96. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

INFA has been the subject of several recent research reports. Royal Bank of Canada restated an "outperform" rating and issued a $35.00 price objective on shares of Informatica in a report on Wednesday, July 31st. Robert W. Baird lowered their price target on shares of Informatica from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, July 31st. The Goldman Sachs Group cut their price objective on shares of Informatica from $44.00 to $38.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Guggenheim restated a "buy" rating and set a $37.00 target price on shares of Informatica in a report on Tuesday, June 25th. Finally, Wells Fargo & Company cut their price target on Informatica from $40.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.55.

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.