Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer Sells 65,891 Shares of Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 65,891 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.50, for a total value of $2,339,130.50. Following the transaction, the executive vice president now owns 481,011 shares of the company’s stock, valued at approximately $17,075,890.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

John Arthur Schweitzer also recently made the following trade(s):

• On Friday, March 15th, John Arthur Schweitzer sold 5,952 shares of Informatica stock. The shares were sold at an average price of $33.87, for a total value of $201,594.24.
• On Thursday, March 7th, John Arthur Schweitzer sold 65,709 shares of Informatica stock. The shares were sold at an average price of $32.04, for a total value of $2,105,316.36.

Informatica Stock Down 0.9 %

NYSE INFA opened at $34.70 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s fifty day moving average price is $34.08 and its 200 day moving average price is $28.59. Informatica Inc. has a 1 year low of $13.29 and a 1 year high of $39.80.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The business had revenue of $445.18 million during the quarter, compared to analysts’ expectations of $431.51 million. As a group, analysts anticipate that Informatica Inc. will post 0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Informatica

Several hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in Informatica by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock valued at $275,966,000 after purchasing an additional 883,642 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Informatica by 26.1% in the fourth quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock valued at $150,698,000 after purchasing an additional 1,098,246 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Informatica by 13.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,308,984 shares of the technology company’s stock valued at $21,468,000 after purchasing an additional 159,066 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in shares of Informatica by 32.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock worth $25,525,000 after acquiring an additional 297,289 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on INFA shares. Robert W. Baird initiated coverage on Informatica in a report on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price target on shares of Informatica in a research report on Monday. Citigroup upped their price target on Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. UBS Group upped their price target on Informatica from $27.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group raised Informatica from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $44.00 in a research report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Informatica presently has a consensus rating of “Hold” and an average target price of $34.78.

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.