Informatica Corp. (NASDAQ:INFA) was upgraded by First Analysis from an “equal weight” rating to an “overweight” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Shares of Informatica Corp. (NASDAQ:INFA) opened at 40.84 on Friday. Informatica Corp. has a 52-week low of $23.83 and a 52-week high of $39.87. The stock has a 50-day moving average of $37.58 and a 200-day moving average of $35.89. The company has a market cap of $4.420 billion and a price-to-earnings ratio of 51.80.
Informatica Corp. (NASDAQ:INFA) last announced its earnings results on Thursday, October 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $225.40 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis.
In other Informatica Corp. news, CEO Sohaib Abbasi sold 21,700 shares of the stock on the open market in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $37.44, for a total transaction of $812,448.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on INFA. Analysts at Stifel Nicolaus raised their price target on shares of Informatica Corp. from $43.00 to $47.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Mizuho raised their price target on shares of Informatica Corp. from $42.00 to $45.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Barclays downgraded shares of Informatica Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, October 7th. They now have a $44.00 price target on the stock, down previously from $45.00. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $41.35.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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