Norden Group LLC Purchases New Stake in Informatica Inc. $INFA

Norden Group LLC purchased a new stake in Informatica Inc. (NYSE:INFA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,420 shares of the technology company’s stock, valued at approximately $254,000.

Several other hedge funds have also bought and sold shares of INFA. Parallel Advisors LLC grew its position in Informatica by 540.4% in the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,216 shares during the period. Versant Capital Management Inc grew its position in Informatica by 7,053.8% in the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,834 shares during the period. New Age Alpha Advisors LLC grew its position in Informatica by 51.5% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock valued at $44,000 after purchasing an additional 862 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Informatica by 1,545.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock valued at $49,000 after purchasing an additional 2,642 shares during the period. Finally, Deutsche Bank AG grew its position in Informatica by 126.1% in the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,660 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling

In other Informatica news, Director Gerald Held sold 70,212 shares of Informatica stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $1,750,385.16. Following the completion of the transaction, the director owned 198,845 shares of the company’s stock, valued at $4,957,205.85. The trade was a 26.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce R. Chizen sold 246,590 shares of Informatica stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total value of $6,147,488.70. Following the transaction, the insider directly owned 368,874 shares of the company’s stock, valued at $9,196,028.82. The trade was a 40.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 441,818 shares of company stock worth $10,965,526 over the last quarter. 2.80% of the stock is owned by corporate insiders.

Informatica Trading Down 0.1%

Shares of Informatica stock opened at $24.83 on Friday. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $28.14. The stock’s 50-day simple moving average is $24.75 and its 200 day simple moving average is $22.14. The stock has a market capitalization of $7.56 billion, a P/E ratio of -620.63, a P/E/G ratio of 6.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.01 and a current ratio of 2.01.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $407.34 million during the quarter, compared to the consensus estimate of $401.76 million. Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on INFA. Guggenheim downgraded shares of Informatica from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Wednesday, August 6th. UBS Group raised their price objective on Informatica from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Sixteen equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.67.

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.