Informatica Inc. (NYSE:INFA) Shares Sold by Washington Harbour Partners LP

Washington Harbour Partners LP trimmed its stake in Informatica Inc. (NYSE:INFA) by 76.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,400 shares of the technology company’s stock after selling 46,700 shares during the quarter. Informatica makes up 0.7% of Washington Harbour Partners LP’s holdings, making the stock its 23rd largest holding. Washington Harbour Partners LP’s holdings in Informatica were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of INFA. First Horizon Advisors Inc. purchased a new position in shares of Informatica during the 2nd quarter valued at $32,000. Summit Securities Group LLC bought a new position in shares of Informatica in the 2nd quarter valued at approximately $46,000. Quarry LP acquired a new stake in Informatica in the 3rd quarter worth approximately $38,000. Amalgamated Bank grew its holdings in Informatica by 42.1% during 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. Finally, New York State Teachers Retirement System bought a new position in shares of Informatica in the third quarter valued at approximately $149,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Guggenheim reissued a “buy” rating on shares of Informatica in a research report on Friday, October 18th. UBS Group boosted their target price on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.20.

Insider Activity

In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the transaction, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at $3,817,875.96. This represents a 6.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 8,501 shares of Informatica 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 sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Informatica Price Performance

Informatica stock opened at $27.13 on Friday. The business’s fifty day moving average is $26.04 and its two-hundred day moving average is $26.51. The firm has a market cap of $8.28 billion, a P/E ratio of 129.17, a P/E/G ratio of 5.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a 52 week low of $22.08 and a 52 week high of $39.80.

Informatica announced that its board has authorized a stock buyback program on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is 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.