Informatica (NYSE:INFA) Shares Gap Down to $35.19

Informatica Inc. (NYSE:INFA) gapped down before the market opened on Monday . The stock had previously closed at $35.19, but opened at $33.26. Informatica shares last traded at $31.95, with a volume of 3,651,119 shares trading hands.

Wall Street Analyst Weigh In

INFA has been the subject of a number of recent research reports. Guggenheim reissued a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research note on Tuesday. The Goldman Sachs Group raised Informatica from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $44.00 in a research report on Friday, February 16th. JPMorgan Chase & Co. raised their price objective on Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. UBS Group boosted their target price on shares of Informatica from $27.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company lowered their price target on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.45.

Informatica Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average price is $34.24 and its 200 day moving average price is $28.92.

Informatica (NYSE:INFA) last released its earnings results on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $445.18 million for the quarter, compared to analyst estimates of $431.51 million. Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. On average, equities analysts predict that Informatica Inc. will post 0.56 EPS for the current year.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 5,952 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $33.87, for a total transaction of $201,594.24. Following the completion of the transaction, the executive vice president now owns 490,902 shares of the company’s stock, valued at $16,626,850.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP John Arthur Schweitzer sold 5,952 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $33.87, for a total value of $201,594.24. Following the sale, the executive vice president now owns 490,902 shares in the company, valued at $16,626,850.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,600 shares of company stock worth $8,259,201. Company insiders own 53.90% of the company’s stock.

Institutional Investors Weigh In On Informatica

Institutional investors have recently modified their holdings of the business. Edmonds Duncan Registered Investment Advisors LLC purchased a new position in Informatica during the first quarter worth approximately $429,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Informatica by 78,094.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after acquiring an additional 1,269,034 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Informatica in the first quarter valued at approximately $264,000. Renaissance Capital LLC boosted its stake in shares of Informatica by 5.1% in the first quarter. Renaissance Capital LLC now owns 28,526 shares of the technology company’s stock worth $998,000 after acquiring an additional 1,373 shares during the last quarter. Finally, CWM LLC increased its position in shares of Informatica by 8,977.1% during the first quarter. CWM LLC now owns 10,711 shares of the technology company’s stock worth $375,000 after purchasing an additional 10,593 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.