Informatica Inc. (NYSE:INFA) Shares Bought by Apis Capital Advisors LLC

Apis Capital Advisors LLC grew its holdings in Informatica Inc. (NYSE:INFA) by 15.0% in the second quarter, Holdings Channel reports. The institutional investor owned 130,000 shares of the technology company’s stock after acquiring an additional 17,000 shares during the quarter. Informatica accounts for 3.0% of Apis Capital Advisors LLC’s holdings, making the stock its 14th largest holding. Apis Capital Advisors LLC’s holdings in Informatica were worth $4,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. First Horizon Advisors Inc. purchased a new stake in shares of Informatica during the second quarter worth approximately $32,000. ORG Partners LLC acquired a new stake in Informatica during the 1st quarter worth $43,000. Summit Securities Group LLC purchased a new stake in shares of Informatica during the second quarter worth $46,000. Quarry LP raised its position in shares of Informatica by 186.9% in the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after buying an additional 1,482 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of Informatica by 42.1% in the second 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. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Performance

NYSE INFA opened at $25.48 on Monday. The stock has a fifty day simple moving average of $24.56 and a 200-day simple moving average of $29.27. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. The stock has a market cap of $7.52 billion, a PE ratio of -1,274.00, a P/E/G ratio of 5.14 and a beta of 1.06. Informatica Inc. has a twelve month low of $18.71 and a twelve month high of $39.80.

Informatica (NYSE:INFA) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. Informatica’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts anticipate that Informatica Inc. will post 0.5 earnings per share for the current year.

Insider Transactions at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the sale, the chief accounting officer now owns 146,804 shares in the company, valued at approximately $4,072,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now directly owns 146,804 shares in the company, valued at approximately $4,072,342.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares in the company, valued at $12,324,466.64. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price target on shares of Informatica in a report on Tuesday, June 25th. UBS Group lowered their price objective on Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Scotiabank dropped their target price on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Finally, Citigroup reduced their price target on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.55.

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.