Informatica (NYSE:INFA) Reaches New 1-Year Low – Time to Sell?

Informatica Inc. (NYSE:INFA)’s share price hit a new 52-week low on Friday . The stock traded as low as $16.25 and last traded at $16.60, with a volume of 406127 shares traded. The stock had previously closed at $16.96.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on INFA shares. Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research report on Friday, February 14th. Cantor Fitzgerald assumed coverage on shares of Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Guggenheim reaffirmed a “buy” rating and set a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. Finally, Wells Fargo & Company cut Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Informatica has a consensus rating of “Hold” and a consensus price target of $24.67.

Informatica Price Performance

The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.06 billion, a P/E ratio of 557.52, a PEG ratio of 4.44 and a beta of 1.04. The firm has a 50-day simple moving average of $20.73 and a 200-day simple moving average of $24.12.

Informatica (NYSE:INFA) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $428.31 million during the quarter, compared to analysts’ expectations of $457.55 million. As a group, analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 48.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Informatica

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of 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 position in Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after buying an additional 2,409,023 shares in the last quarter. FIL Ltd boosted its stake in Informatica by 0.9% during the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock worth $270,949,000 after buying an additional 93,685 shares during the last quarter. FMR LLC grew its holdings in Informatica by 126,639.2% in the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after buying an additional 10,361,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Informatica by 16.6% in 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 acquiring an additional 1,168,158 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.