Informatica Inc. (NYSE:INFA) CAO Mark Pellowski Sells 10,026 Shares

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the transaction, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Informatica Stock Performance

Shares of Informatica stock opened at $26.82 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03 and a current ratio of 2.03. Informatica Inc. has a 1 year low of $18.71 and a 1 year high of $39.80. The firm’s 50-day simple moving average is $25.05 and its 200-day simple moving average is $28.10. The firm has a market cap of $7.91 billion, a PE ratio of -1,341.00, a price-to-earnings-growth ratio of 5.20 and a beta of 1.06.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. Informatica’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Equities analysts forecast that Informatica Inc. will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Informatica

Large investors have recently added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. acquired a new position in Informatica during the 1st quarter valued at about $52,045,000. Allspring Global Investments Holdings LLC increased its stake 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 period. Fiera Capital Corp lifted its position in Informatica by 439.2% in the second quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock worth $48,006,000 after purchasing an additional 1,266,265 shares during the period. Vanguard Group Inc. boosted its stake in Informatica by 26.1% during 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 in the last quarter. Finally, Nippon Life Global Investors Americas Inc. acquired a new position in shares of Informatica during the 2nd quarter valued at $10,806,000. 98.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INFA has been the subject of several research reports. Scotiabank cut their price target on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company cut their price objective on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. The Goldman Sachs Group dropped their price objective on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Guggenheim reiterated a “buy” rating on shares of Informatica in a report on Friday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Informatica has a consensus rating of “Moderate Buy” and a consensus price target of $32.55.

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.