Wolverine Asset Management LLC Buys Shares of 5,700 Informatica Inc. $INFA

Wolverine Asset Management LLC purchased a new position in Informatica Inc. (NYSE:INFA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,700 shares of the technology company’s stock, valued at approximately $139,000.

A number of other hedge funds have also modified their holdings of the company. Amalgamated Bank boosted its holdings in shares of Informatica by 16.9% in the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company’s stock valued at $71,000 after buying an additional 591 shares in the last quarter. Canvas Wealth Advisors LLC purchased a new position in Informatica during the 2nd quarter worth approximately $630,000. Arizona State Retirement System raised its position in Informatica by 59.6% during the 1st quarter. Arizona State Retirement System now owns 29,983 shares of the technology company’s stock worth $523,000 after buying an additional 11,200 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Informatica by 420.3% during the 1st quarter. Victory Capital Management Inc. now owns 107,198 shares of the technology company’s stock valued at $1,871,000 after purchasing an additional 86,595 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Informatica by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 458,307 shares of the technology company’s stock valued at $7,997,000 after purchasing an additional 21,257 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INFA shares. Guggenheim lowered shares of Informatica from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Wednesday, August 6th. UBS Group upped their price objective on shares of Informatica from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Informatica in a research note on Wednesday, October 8th. Sixteen equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Informatica has an average rating of “Reduce” and an average target price of $23.67.

Insider Buying and Selling

In other Informatica news, Director Gerald Held sold 70,212 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total transaction of $1,750,385.16. Following the sale, the director directly owned 198,845 shares of the company’s stock, valued at $4,957,205.85. This trade represents a 26.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce R. Chizen sold 246,590 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 368,874 shares in the company, valued at $9,196,028.82. This represents a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 403,082 shares of company stock worth $10,034,169 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Informatica Stock Performance

Shares of Informatica stock opened at $24.86 on Tuesday. The firm’s fifty day simple moving average is $24.86 and its 200-day simple moving average is $23.56. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of -621.50, a PEG ratio of 7.11 and a beta of 1.14. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $27.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick 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 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 firm had revenue of $407.34 million during the quarter, compared to analyst estimates of $401.76 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current 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.