Wolverine Asset Management LLC Invests $139,000 in Informatica Inc. $INFA

Wolverine Asset Management LLC purchased a new position in shares of Informatica Inc. (NYSE:INFA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,700 shares of the technology company’s stock, valued at approximately $139,000.

Other large investors have also bought and sold shares of the company. New Age Alpha Advisors LLC boosted its position 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 worth $44,000 after purchasing an additional 862 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Informatica in the 2nd quarter valued at about $50,000. Deutsche Bank AG increased its position in shares of Informatica by 126.1% in 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 last quarter. Amalgamated Bank increased its position in shares of Informatica by 16.9% in the first quarter. Amalgamated Bank now owns 4,089 shares of the technology company’s stock valued at $71,000 after acquiring an additional 591 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Informatica in the first quarter valued at about $160,000. 98.45% of the stock is currently owned by institutional investors.

Informatica Stock Down 0.0%

Informatica stock opened at $24.86 on Tuesday. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $27.88. The firm has a 50 day moving average price of $24.86 and a 200-day moving average price of $23.56. The company has a market capitalization of $7.58 billion, a P/E ratio of -621.50, a P/E/G ratio of 7.11 and a beta of 1.14. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75.

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

Analyst Ratings Changes

INFA has been the subject of a number of research analyst reports. UBS Group boosted 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. Guggenheim downgraded shares of Informatica from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Wednesday, August 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Informatica in a research report on Wednesday, October 8th. Sixteen equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $23.67.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 49,104 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.72, for a total value of $1,213,850.88. Following the sale, the executive vice president owned 352,266 shares of the company’s stock, valued at $8,708,015.52. This trade represents a 12.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce R. Chizen sold 246,590 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 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. The trade was a 40.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 403,082 shares of company stock worth $10,034,169 in the last 90 days. 2.80% of the stock is owned by company insiders.

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.