GAMMA Investing LLC Buys Shares of 1,316 Informatica Inc. (NYSE:INFA)

GAMMA Investing LLC purchased a new position in Informatica Inc. (NYSE:INFA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,316 shares of the technology company’s stock, valued at approximately $39,000.

A number of other large investors also recently modified their holdings of INFA. Handelsbanken Fonder AB increased its stake in shares of Informatica by 4.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,864 shares of the technology company’s stock valued at $507,000 after acquiring an additional 800 shares during the period. Verdence Capital Advisors LLC acquired a new position in shares of Informatica during the 4th quarter valued at $243,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Informatica by 73.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,075 shares of the technology company’s stock worth $314,000 after buying an additional 4,685 shares in the last quarter. Strs Ohio acquired a new stake in shares of Informatica in the fourth quarter valued at $1,236,000. Finally, Vontobel Holding Ltd. bought a new position in Informatica during the fourth quarter valued at about $1,152,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $321,233.04. Following the transaction, the chief accounting officer now directly owns 150,937 shares in the company, valued at $4,836,021.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP John Arthur Schweitzer sold 65,891 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the completion of the transaction, the executive vice president now directly owns 481,011 shares in the company, valued at approximately $17,075,890.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $321,233.04. Following the completion of the sale, the chief accounting officer now owns 150,937 shares in the company, valued at $4,836,021.48. The disclosure for this sale can be found here. Insiders sold 243,600 shares of company stock worth $8,259,201 over the last ninety days. Company insiders own 53.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. UBS Group increased their target price on shares of Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. The Goldman Sachs Group upgraded Informatica from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $44.00 in a report on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and set a $41.00 price target on shares of Informatica in a report on Monday, April 15th. Finally, Citigroup upped their price target on Informatica from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.45.

Informatica Trading Down 1.6 %

NYSE:INFA opened at $29.84 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $8.81 billion, a P/E ratio of -1,492.00, a P/E/G ratio of 6.42 and a beta of 1.12. Informatica Inc. has a 52 week low of $13.29 and a 52 week high of $39.80. The stock’s 50 day moving average price is $34.05 and its 200 day moving average price is $29.49.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Informatica had a net margin of 0.03% and a return on equity of 5.45%. The company had revenue of $445.18 million for the quarter, compared to analyst estimates of $431.51 million. On average, research analysts forecast that Informatica Inc. will post 0.57 EPS for the current fiscal 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.