NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Informatica Inc. (“Informatica” or the “Company”) (NYSE: INFA) on behalf of Informatica stockholders. Our investigation concerns whether Informatica has violated the federal securities laws and/or engaged in other unlawful business practices.
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Informatica provides software solutions. The Company offers an end-to-end data management platform which connects, manages and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies.
On or around October 27, 2021, Informatica conducted its initial public offering (“IPO”), issuing 29,000,000 shares priced at $29.00 per share. Then, on February 16, 2022, the Company reported a net loss that widened to $66.3 million, or 25 cents a share, from $32.8 million, or 13 cents a share, in the year-ago period.
Informatica’s stock price declined by $7.97 per share, or approximately 28.3%, from $28.15 per share to close at $20.18 per share on February 17, 2022.
If you purchased or otherwise acquired Affirm shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
