Informatica (NYSE:INFA) PT Lowered to $40.00

Informatica (NYSE:INFA) had its price target decreased by Wells Fargo & Company from $45.00 to $40.00 in a research note issued to investors on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

A number of other equities research analysts have also recently weighed in on INFA. JPMorgan Chase & Co. lifted their price objective on Informatica from $33.00 to $38.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Robert W. Baird assumed coverage on Informatica in a research note on Tuesday, April 2nd. They issued an outperform rating and a $43.00 price objective for the company. Citigroup lifted their target price on Informatica from $28.00 to $33.00 and gave the company a neutral rating in a report on Monday, February 12th. UBS Group lifted their target price on Informatica from $27.00 to $37.00 and gave the company a neutral rating in a report on Thursday, February 15th. Finally, The Goldman Sachs Group upgraded Informatica from a neutral rating to a buy rating and lifted their target price for the company from $26.00 to $44.00 in a report on Friday, February 16th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $35.45.

Informatica Stock Down 0.3 %

Shares of NYSE INFA opened at $31.84 on Tuesday. Informatica has a twelve month low of $13.29 and a twelve month high of $39.80. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $34.32 and a 200-day simple moving average of $29.01.

Informatica (NYSE:INFA) last issued 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). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The firm had revenue of $445.18 million during the quarter, compared to analyst estimates of $431.51 million. As a group, sell-side analysts expect that Informatica will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other Informatica news, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $35.51, for a total transaction of $356,023.26. Following the sale, the chief accounting officer now owns 150,937 shares in the company, valued at $5,359,772.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction dated 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 sale, the chief executive officer now owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The disclosure for this sale can be found here. Insiders sold 243,600 shares of company stock valued at $8,259,201 in the last ninety days. Insiders own 53.90% of the company’s stock.

Institutional Trading of Informatica

A number of hedge funds and other institutional investors have recently made changes to their positions in INFA. GAMMA Investing LLC acquired a new position in Informatica in the 4th quarter valued at about $39,000. Allspring Global Investments Holdings LLC acquired a new position in Informatica in the 4th quarter valued at about $46,000. Quarry LP increased its position in Informatica by 186.9% in the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,482 shares during the period. Quent Capital LLC increased its position in Informatica by 86.2% in the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,106 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in Informatica in the 4th quarter valued at about $215,000. 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.