Informatica (NYSE:INFA) PT Lowered to $40.00

Informatica (NYSE:INFA) had its price objective decreased by equities researchers at Wells Fargo & Company from $45.00 to $40.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 25.27% from the company’s current price.

A number of other brokerages have also weighed in on INFA. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 target price on shares of Informatica in a research report on Monday, April 15th. Citigroup upped their price target on shares of Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. The Goldman Sachs Group upgraded Informatica from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $44.00 in a report on Friday, February 16th. JPMorgan Chase & Co. boosted their price target on Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, UBS Group raised their price objective on Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.45.

Informatica Stock Performance

Shares of Informatica stock opened at $31.93 on Tuesday. Informatica has a 52 week low of $13.29 and a 52 week high of $39.80. The company has a market capitalization of $9.42 billion, a PE ratio of -69.41, a price-to-earnings-growth ratio of 6.70 and a beta of 1.08. The stock’s fifty day moving average is $34.28 and its two-hundred day moving average is $28.99. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82.

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

Insider Transactions at Informatica

In related news, CEO Amit Walia sold 85,996 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the transaction, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP John Arthur Schweitzer sold 65,891 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the sale, the executive vice president now directly owns 481,011 shares of the company’s stock, valued at approximately $17,075,890.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Amit Walia sold 85,996 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the transaction, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at $86,647,149.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 243,600 shares of company stock worth $8,259,201. Insiders own 53.90% of the company’s stock.

Institutional Trading of Informatica

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in Informatica in the 4th quarter valued at about $39,000. Allspring Global Investments Holdings LLC purchased a new position in Informatica in the 4th quarter worth approximately $46,000. Quarry LP boosted its stake in Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after buying an additional 1,482 shares during the last quarter. Quent Capital LLC increased its stake in shares of Informatica by 86.2% in the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,106 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Informatica during the 1st quarter valued at about $264,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Company Profile

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.