Informatica Inc. (NYSE:INFA) Shares Sold by PDT Partners LLC

PDT Partners LLC lowered its position in Informatica Inc. (NYSE:INFA) by 56.5% during the third quarter, HoldingsChannel reports. The firm owned 40,273 shares of the technology company’s stock after selling 52,305 shares during the period. PDT Partners LLC’s holdings in Informatica were worth $1,018,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INFA. First Horizon Advisors Inc. acquired a new stake in Informatica in the 2nd quarter valued at about $32,000. Summit Securities Group LLC purchased a new stake in shares of Informatica in the second quarter valued at approximately $46,000. Amalgamated Bank increased its holdings in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Informatica during the third quarter worth approximately $149,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Informatica by 11.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock worth $201,000 after buying an additional 810 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

INFA has been the subject of a number of recent research reports. UBS Group raised their target price on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Guggenheim reiterated a “buy” rating on shares of Informatica in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

Insider Transactions at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 142,671 shares in the company, valued at $3,817,875.96. This represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the transaction, the executive vice president now owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Informatica Trading Up 0.5 %

Shares of INFA stock opened at $26.52 on Monday. Informatica Inc. has a 1-year low of $22.08 and a 1-year high of $39.80. The firm has a market cap of $8.10 billion, a PE ratio of 126.29, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04. The company has a 50-day moving average of $25.91 and a two-hundred day moving average of $26.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica announced that its Board of Directors has initiated a share buyback program on Wednesday, October 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are 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.