John Arthur Schweitzer Sells 49,104 Shares of Informatica (NYSE:INFA) Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 49,104 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $24.72, for a total transaction of $1,213,850.88. Following the completion of the transaction, the executive vice president owned 352,266 shares in the company, valued at $8,708,015.52. This trade represents a 12.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, July 15th, John Arthur Schweitzer sold 48,929 shares of Informatica stock. The stock was sold at an average price of $24.22, for a total transaction of $1,185,060.38.
• On Friday, May 23rd, John Arthur Schweitzer sold 116,199 shares of Informatica stock. The stock was sold at an average price of $24.00, for a total transaction of $2,788,776.00.

Informatica Price Performance

INFA stock opened at $24.7250 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of -618.13, a PEG ratio of 6.67 and a beta of 1.15. The company’s fifty day simple moving average is $24.46 and its 200 day simple moving average is $21.50. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $28.14.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate 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 last year, the business posted $0.23 earnings per share. On average, analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

INFA has been the subject of a number of research analyst reports. Guggenheim downgraded Informatica from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a report on Wednesday, August 6th. Wells Fargo & Company lifted their price objective on shares of Informatica from $19.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 target price on shares of Informatica in a research report on Wednesday, May 28th. Scotiabank raised their price target on shares of Informatica from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Informatica from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Sixteen research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Informatica has a consensus rating of “Hold” and a consensus price target of $23.67.

Institutional Trading of Informatica

A number of hedge funds and other institutional investors have recently bought and sold shares of INFA. Hudson Bay Capital Management LP bought a new position in shares of Informatica in the second quarter valued at $121,750,000. Norges Bank acquired a new stake in shares of Informatica in the 2nd quarter worth about $101,723,000. Invesco Ltd. lifted its position in Informatica by 5.1% in the 2nd quarter. Invesco Ltd. now owns 3,790,141 shares of the technology company’s stock valued at $92,290,000 after acquiring an additional 182,304 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Informatica during the 2nd quarter valued at about $76,572,000. Finally, California State Teachers Retirement System increased its holdings in Informatica by 555.6% during the 2nd quarter. California State Teachers Retirement System now owns 2,332,271 shares of the technology company’s stock worth $56,791,000 after purchasing an additional 1,976,500 shares in the last quarter. Institutional investors 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.