Cwm LLC Sells 68,121 Shares of Informatica Inc. $INFA

Cwm LLC lessened its holdings in shares of Informatica Inc. (NYSE:INFA) by 88.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,738 shares of the technology company’s stock after selling 68,121 shares during the quarter. Cwm LLC’s holdings in Informatica were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in INFA. Invesco Ltd. raised its holdings in Informatica by 37.4% in the first quarter. Invesco Ltd. now owns 3,607,837 shares of the technology company’s stock worth $62,957,000 after purchasing an additional 981,237 shares in the last quarter. Sunriver Management LLC bought a new position in Informatica in the first quarter worth $30,108,000. Voya Investment Management LLC raised its holdings in Informatica by 83.7% in the first quarter. Voya Investment Management LLC now owns 470,932 shares of the technology company’s stock worth $8,218,000 after purchasing an additional 214,605 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Informatica by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 458,307 shares of the technology company’s stock worth $7,997,000 after purchasing an additional 21,257 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Informatica by 37.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 398,724 shares of the technology company’s stock worth $6,961,000 after purchasing an additional 108,045 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In other news, insider Bruce R. Chizen sold 246,590 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $6,147,488.70. Following the completion of the transaction, the insider directly owned 368,874 shares in the company, valued at $9,196,028.82. This trade represents a 40.07% 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 Francis R. Santiago sold 16,790 shares of Informatica stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total value of $416,056.20. Following the completion of the sale, the chief accounting officer owned 43,851 shares of the company’s stock, valued at $1,086,627.78. The trade was a 27.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 403,082 shares of company stock valued at $10,034,169 over the last ninety days. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on INFA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Informatica in a report on Wednesday, October 8th. UBS Group increased their price objective on Informatica from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Guggenheim downgraded Informatica from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Wednesday, August 6th. Sixteen research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $23.67.

Informatica Price Performance

Shares of NYSE:INFA opened at $24.85 on Wednesday. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $28.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01. The business has a fifty day moving average price of $24.85 and a 200-day moving average price of $23.31. The company has a market capitalization of $7.57 billion, a PE ratio of -621.33, a PEG ratio of 7.11 and a beta of 1.14.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The company had revenue of $407.34 million for the quarter, compared to the consensus estimate of $401.76 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. Informatica’s revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts expect that Informatica Inc. will post 0.63 EPS for the current fiscal year.

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.