Informatica (NYSE:INFA) Given New $18.00 Price Target at DA Davidson

Informatica (NYSE:INFA) had its price target reduced by DA Davidson from $20.00 to $18.00 in a research report report published on Monday morning,Benzinga reports. DA Davidson currently has a neutral rating on the technology company’s stock. DA Davidson also issued estimates for Informatica’s FY2025 earnings at $0.58 EPS and FY2026 earnings at $0.69 EPS.

Other analysts have also issued reports about the company. Wells Fargo & Company lowered Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Guggenheim restated a “buy” rating and issued a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Cantor Fitzgerald began coverage on shares of Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target on the stock. Finally, Robert W. Baird restated a “neutral” rating and set a $19.00 price objective (down from $35.00) on shares of Informatica in a research report on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Informatica presently has an average rating of “Hold” and a consensus price target of $24.15.

Informatica Price Performance

NYSE:INFA opened at $17.42 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 580.86, a P/E/G ratio of 4.44 and a beta of 1.06. Informatica has a 52 week low of $15.65 and a 52 week high of $35.92. The firm’s 50-day simple moving average is $18.85 and its 200 day simple moving average is $23.49.

Informatica (NYSE:INFA) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The business had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. As a group, sell-side analysts predict that Informatica will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP raised its position in Informatica by 13.8% during the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after purchasing an additional 1,591,037 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after acquiring an additional 2,409,023 shares during the period. FIL Ltd boosted its holdings in Informatica by 0.9% in the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock valued at $270,949,000 after acquiring an additional 93,685 shares during the last quarter. FMR LLC increased its position in Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Informatica by 16.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after purchasing an additional 1,168,158 shares during 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.