Prudential Financial Inc. Has $14.63 Million Stock Holdings in Informatica Inc. (NYSE:INFA)

Prudential Financial Inc. lowered its stake in Informatica Inc. (NYSE:INFA) by 65.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 564,048 shares of the technology company’s stock after selling 1,062,600 shares during the period. Prudential Financial Inc. owned approximately 0.18% of Informatica worth $14,626,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Informatica by 62.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after purchasing an additional 237,876 shares during the last quarter. Quantbot Technologies LP bought a new stake in Informatica in the 3rd quarter valued at $232,000. FMR LLC grew its holdings in Informatica by 555.6% in the 3rd quarter. FMR LLC now owns 8,182 shares of the technology company’s stock valued at $207,000 after buying an additional 6,934 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Informatica by 3,143.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,275 shares of the technology company’s stock worth $538,000 after buying an additional 20,619 shares during the period. Finally, Tybourne Capital Management HK Ltd. acquired a new stake in shares of Informatica during the third quarter worth $1,484,000. 98.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on INFA. Guggenheim restated a “buy” rating and issued a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. The Goldman Sachs Group cut shares of Informatica from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Bank of America cut Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Truist Financial restated a “buy” rating and set a $24.00 price objective (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Finally, UBS Group cut their target price on Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.67.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 48.10% of the stock is currently owned by corporate insiders.

Informatica Trading Down 1.2 %

INFA opened at $18.53 on Friday. The company has a market cap of $5.61 billion, a P/E ratio of 617.71, a PEG ratio of 4.44 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $21.43 and its 200-day moving average is $24.38. Informatica Inc. has a 1-year low of $16.37 and a 1-year high of $39.80.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Equities research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

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.