NEW YORK–(BUSINESS WIRE)–$INFA–The law firm of Kirby McInerney LLP is investigating potential claims against Informatica Inc. (“Informatica” or the “Company”) (NYSE: INFA). The investigation concerns whether Informatica has violated the federal securities laws and/or engaged in other unlawful business practices.
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 Informatica securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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