Insider Selling: Informatica Inc. (NYSE:INFA) CAO Sells $356,023.26 in Stock

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.51, for a total value of $356,023.26. Following the completion of the sale, the chief accounting officer now owns 150,937 shares in the company, valued at approximately $5,359,772.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mark Pellowski also recently made the following trade(s):

• On Thursday, March 7th, Mark Pellowski sold 10,026 shares of Informatica stock. The stock was sold at an average price of $32.04, for a total value of $321,233.04.

Informatica Trading Up 0.3 %

INFA opened at $35.19 on Friday. Informatica Inc. has a one year low of $13.29 and a one year high of $39.80. The company has a market cap of $10.38 billion, a P/E ratio of -76.50, a PEG ratio of 7.38 and a beta of 1.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66. The business’s 50-day simple moving average is $34.24 and its 200-day simple moving average is $28.74.

Informatica (NYSE:INFA) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts expect that Informatica Inc. will post 0.56 EPS for the current fiscal year.

Institutional Trading of Informatica

A number of large investors have recently made changes to their positions in INFA. Wellington Management Group LLP boosted its position in shares of Informatica by 30.5% in the 1st quarter. Wellington Management Group LLP now owns 8,339,728 shares of the technology company’s stock valued at $164,626,000 after purchasing an additional 1,949,022 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Informatica by 78,094.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after purchasing an additional 1,269,034 shares during the period. Vanguard Group Inc. boosted its position in shares of Informatica by 26.1% in the 4th 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 period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Informatica in the 3rd quarter valued at about $14,375,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Informatica by 202.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 976,649 shares of the technology company’s stock valued at $19,602,000 after purchasing an additional 653,473 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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