Informatica Inc. (NYSE:INFA) Given Average Rating of “Moderate Buy” by Analysts

by · The Markets Daily

Shares of Informatica Inc. (NYSE:INFA – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $35.45.

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price target for the company. Wells Fargo & Company reduced their price target on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, April 23rd. Guggenheim reiterated a “buy” rating and set a $37.00 price target on shares of Informatica in a research report on Tuesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 price target on shares of Informatica in a research report on Thursday, May 23rd.

Read Our Latest Stock Report on INFA

Informatica Stock Performance

NYSE INFA opened at $30.87 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. Informatica has a 52-week low of $17.58 and a 52-week high of $39.80. The business’s 50-day moving average price is $29.98 and its 200 day moving average price is $31.20. The firm has a market cap of $9.11 billion, a P/E ratio of -1,543.50, a P/E/G ratio of 7.42 and a beta of 1.06.

Informatica (NYSE:INFA – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.06 earnings per share 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 business had revenue of $388.61 million during the quarter, compared to analysts’ expectations of $384.97 million. On average, equities research analysts expect that Informatica will post 0.52 earnings per share for the current year.

Insider Activity at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.51, for a total transaction of $356,023.26. Following the transaction, the chief accounting officer now owns 150,937 shares in the company, valued at approximately $5,359,772.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.51, for a total value of $356,023.26. Following the transaction, the chief accounting officer now owns 150,937 shares in the company, valued at approximately $5,359,772.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 65,891 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the completion of the transaction, the executive vice president now owns 481,011 shares in the company, valued at approximately $17,075,890.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,518 shares of company stock worth $5,425,518. 48.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Informatica

A number of institutional investors have recently added to or reduced their stakes in INFA. Jericho Capital Asset Management L.P. acquired a new stake in shares of Informatica in the 1st quarter valued at about $52,045,000. Allspring Global Investments Holdings LLC raised its stake in shares of Informatica by 78,094.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after purchasing an additional 1,269,034 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Informatica by 26.1% in 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. Wellington Management Group LLP raised its stake in shares of Informatica by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock valued at $275,966,000 after purchasing an additional 883,642 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its stake in shares of Informatica by 32.5% in the 3rd quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock valued at $25,525,000 after purchasing an additional 297,289 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Company Profile

(Get Free Report

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.

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