AQR Capital Management LLC Buys 167,645 Shares of Informatica Inc. $INFA

AQR Capital Management LLC increased its stake in shares of Informatica Inc. (NYSE:INFA) by 73.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 395,977 shares of the technology company’s stock after acquiring an additional 167,645 shares during the quarter. AQR Capital Management LLC’s holdings in Informatica were worth $6,910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised 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 worth $25,000 after purchasing an additional 1,216 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of 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 buying an additional 1,834 shares during the period. New Age Alpha Advisors LLC increased its stake in shares of 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 buying an additional 862 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Informatica by 1,545.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock worth $49,000 after acquiring an additional 2,642 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Informatica by 126.1% during the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,660 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Price Performance

Informatica stock opened at $24.80 on Friday. The firm has a market capitalization of $7.56 billion, a P/E ratio of -620.00, a PEG ratio of 6.68 and a beta of 1.15. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $28.14. The business has a 50-day moving average of $24.65 and a 200-day moving average of $21.69. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.23 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

INFA has been the subject of a number of research reports. Wolfe Research lowered Informatica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Truist Financial lowered shares of Informatica from a “strong-buy” rating to a “hold” rating and raised their target price for the company from $24.00 to $25.00 in a research note on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 price target on shares of Informatica in a research report on Wednesday, May 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $25.00 price target (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company raised their price objective on shares of Informatica from $19.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.67.

Insider Buying and Selling at Informatica

In related 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 sale, the insider owned 368,874 shares of the company’s stock, valued at approximately $9,196,028.82. This trade represents a 40.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gerald Held sold 70,212 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 $1,750,385.16. Following the transaction, the director owned 198,845 shares in the company, valued at $4,957,205.85. This trade represents a 26.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 414,835 shares of company stock valued at $10,296,785. Corporate insiders own 2.80% of the company’s stock.

About Informatica

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.