San Diego, CA -- (SBWire) -- 03/03/2022 --Informatica Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Informatica Inc. (NYSE: INFA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Informatica Inc. (NYSE: INFA) concerning whether a series of statements by Informatica Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Redwood City, CA based Informatica Inc. develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-cloud, hybrid systems at enterprise scale in the United States.
Informatica Inc. reported that its annual Total Revenue rose from over $1.306 billion in 2019 to over $1.323 billion in 2020, and that Net Loss declined from $183.22 million in 2019 to $167.88 million in 2020.
On or around October 27, 2021, Informatica Inc. 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.
Shares of Informatica Inc. (NYSE: INFA) declined to as low as $18.88 per share on February 17, 2022.
Those who purchased shares of Informatica Inc. (NYSE: INFA) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Informatica Inc. (NYSE:INFA) Shareholder Notice: Investigation over Possible Violations of Securities Laws
An investigation for investors in Informatica Inc. (NYSE:INFA) shares over potential securities laws violations by Informatica Inc. was announced.