Informatica Inc. (NYSE:INFA) Stake Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 398.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,042,961 shares of the technology company's stock after purchasing an additional 5,631,139 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.39% of Informatica worth $178,046,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in shares of Informatica in the 2nd quarter worth about $32,000. ORG Partners LLC purchased a new stake in shares of Informatica in the 1st quarter worth about $43,000. Summit Securities Group LLC purchased a new stake in shares of Informatica in the 2nd quarter worth about $46,000. Amalgamated Bank boosted its position in shares of Informatica by 42.1% in 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. Finally, CIBC Asset Management Inc acquired a new position in Informatica in the 2nd quarter valued at about $216,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now owns 393,686 shares of the company's stock, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now owns 393,686 shares of the company's stock, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares of the company's stock, valued at $3,817,875.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by corporate insiders.

Informatica Trading Down 0.6 %

NYSE INFA traded down $0.17 during mid-day trading on Friday, hitting $26.83. The company's stock had a trading volume of 804,251 shares, compared to its average volume of 1,678,189. Informatica Inc. has a 52-week low of $18.71 and a 52-week high of $39.80. The stock's fifty day simple moving average is $25.05 and its two-hundred day simple moving average is $28.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a market capitalization of $7.92 billion, a P/E ratio of -1,341.50, a price-to-earnings-growth ratio of 5.20 and a beta of 1.06.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, beating 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 firm had revenue of $400.63 million for the quarter, compared to analyst estimates of $402.97 million. During the same quarter last year, the firm posted $0.02 earnings per share. Informatica's revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts expect that Informatica Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

INFA has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Informatica from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. UBS Group dropped their price objective on shares of Informatica from $35.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group dropped their price objective on shares of Informatica from $44.00 to $38.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. Guggenheim reaffirmed a "buy" rating on shares of Informatica in a research note on Friday. Finally, Robert W. Baird dropped their price objective on shares of Informatica from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Informatica 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.