Informatica (NYSE:INFA) EVP John Arthur Schweitzer Sells 10,193 Shares

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 10,193 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $24.89, for a total value of $253,703.77. Following the transaction, the executive vice president owned 309,204 shares in the company, valued at $7,696,087.56. This trade represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 15th, John Arthur Schweitzer sold 10,193 shares of Informatica stock. The stock was sold at an average price of $24.79, for a total transaction of $252,684.47.
• On Friday, August 15th, John Arthur Schweitzer sold 49,104 shares of Informatica stock. The stock was sold at an average price of $24.72, for a total transaction of $1,213,850.88.

Informatica Trading Down 0.1%

NYSE INFA opened at $24.82 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.01 and a current ratio of 2.01. Informatica Inc. has a one year low of $15.65 and a one year high of $28.14. The company has a 50-day simple moving average of $24.83 and a 200-day simple moving average of $22.84. The firm has a market capitalization of $7.56 billion, a PE ratio of -620.50, a price-to-earnings-growth ratio of 6.69 and a beta of 1.14.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The business had revenue of $407.34 million during the quarter, compared to the consensus estimate of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. On average, equities analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hudson Bay Capital Management LP acquired a new stake in Informatica in the second quarter worth about $121,750,000. Norges Bank bought a new stake in shares of Informatica during the 2nd quarter worth about $101,723,000. Nomura Holdings Inc. acquired a new stake in shares of Informatica in the 2nd quarter worth approximately $76,572,000. Whitebox Advisors LLC acquired a new stake in shares of Informatica in the 2nd quarter worth approximately $49,918,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Informatica by 555.6% in the second quarter. California State Teachers Retirement System now owns 2,332,271 shares of the technology company’s stock valued at $56,791,000 after acquiring an additional 1,976,500 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Informatica in a research report on Wednesday, October 8th. Guggenheim lowered shares of Informatica from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Wednesday, August 6th. Finally, UBS Group lifted their price objective on shares of Informatica from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Sixteen research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Informatica currently has an average rating of “Reduce” and a consensus price target of $23.67.

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.