Informatica Inc. (NYSE:INFA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Informatica Inc. (NYSE:INFA) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $35.45.

A number of equities analysts recently commented on INFA shares. Citigroup boosted their target price on shares of Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Wells Fargo & Company dropped their price objective on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. JPMorgan Chase & Co. boosted their target price on Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. The Goldman Sachs Group upgraded shares of Informatica from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $44.00 in a research note on Friday, February 16th. Finally, Robert W. Baird assumed coverage on shares of Informatica in a report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective on the stock.

Informatica Price Performance

INFA stock opened at $29.88 on Friday. The business’s 50-day moving average is $33.85 and its two-hundred day moving average is $29.69. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $8.82 billion, a P/E ratio of -1,494.00, a P/E/G ratio of 7.07 and a beta of 1.12. Informatica has a 1 year low of $14.63 and a 1 year high of $39.80.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a net margin of 0.03% and a return on equity of 5.31%. The firm had revenue of $445.18 million during the quarter, compared to analyst estimates of $431.51 million. Analysts anticipate that Informatica will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the sale, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $321,233.04. Following the transaction, 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 available at the SEC website. Also, CEO Amit Walia sold 85,996 shares of the stock in a transaction on 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 directly owns 2,537,995 shares of the company’s stock, valued at $86,647,149.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,600 shares of company stock valued at $8,259,201. Insiders own 53.90% of the company’s stock.

Institutional Trading of Informatica

Several hedge funds have recently made changes to their positions in INFA. Mirae Asset Global Investments Co. Ltd. lifted its position in Informatica by 37.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock valued at $3,761,000 after purchasing an additional 35,788 shares during the period. Vanguard Group Inc. raised its stake in shares of Informatica by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock worth $88,702,000 after buying an additional 42,582 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Informatica by 73.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,075 shares of the technology company’s stock valued at $314,000 after buying an additional 4,685 shares during the period. Tudor Investment Corp Et Al boosted its stake in shares of Informatica by 34.0% in the third quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock valued at $3,861,000 after buying an additional 46,520 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Informatica during the fourth quarter worth $39,000. Institutional investors and hedge funds 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.