Informatica (NYSE:INFA) Given “Outperform” Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Informatica (NYSE:INFA) in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a $41.00 price objective on the technology company’s stock.

Several other equities research analysts have also recently issued reports on INFA. Citigroup raised their target price on Informatica from $28.00 to $33.00 and gave the stock a neutral rating in a research note on Monday, February 12th. Robert W. Baird started coverage on Informatica in a research note on Tuesday, April 2nd. They set an outperform rating and a $43.00 target price for the company. UBS Group raised their target price on Informatica from $27.00 to $37.00 and gave the stock a neutral rating in a research note on Thursday, February 15th. Guggenheim reissued a buy rating and set a $37.00 target price on shares of Informatica in a research note on Tuesday, April 23rd. Finally, The Goldman Sachs Group raised Informatica from a neutral rating to a buy rating and raised their target price for the stock from $26.00 to $44.00 in a research note on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and six have issued 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 Up 0.1 %

Shares of INFA opened at $29.90 on Thursday. Informatica has a 52 week low of $16.48 and a 52 week high of $39.80. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of -1,495.00, a PEG ratio of 7.45 and a beta of 1.12. The stock’s 50-day moving average price is $33.24 and its 200-day moving average price is $30.47.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Informatica had a net margin of 0.03% and a return on equity of 5.31%. The firm had revenue of $388.61 million for the quarter, compared to analyst estimates of $384.97 million. On average, sell-side analysts predict that Informatica will post 0.52 EPS for the current year.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 65,709 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $2,105,316.36. Following the completion of the sale, the executive vice president now directly owns 496,854 shares in the company, valued at $15,919,202.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $321,233.04. Following the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 65,709 shares of Informatica 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 $2,105,316.36. Following the sale, the executive vice president now directly owns 496,854 shares in the company, valued at approximately $15,919,202.16. The disclosure for this sale can be found here. Insiders have sold 157,604 shares of company stock valued at $5,323,297 over the last three months. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in Informatica during the 1st quarter worth approximately $43,000. GAMMA Investing LLC purchased a new position in Informatica during the 4th quarter worth approximately $39,000. Allspring Global Investments Holdings LLC purchased a new position in Informatica during the 4th quarter worth approximately $46,000. Quarry LP grew its position in Informatica by 186.9% during the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,482 shares in the last quarter. Finally, Quent Capital LLC grew its position in Informatica by 86.2% during the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

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.