John Arthur Schweitzer Sells 11,729 Shares of Informatica Inc. (NYSE:INFA) Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 11,729 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $19.36, for a total value of $227,073.44. Following the transaction, the executive vice president now owns 404,681 shares in the company, valued at $7,834,624.16. The trade was a 2.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, April 23rd, John Arthur Schweitzer sold 11,503 shares of Informatica stock. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15.
• On Monday, March 10th, John Arthur Schweitzer sold 11,503 shares of Informatica stock. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54.

Informatica Price Performance

Shares of INFA stock opened at $19.22 on Wednesday. The business has a fifty day simple moving average of $18.19 and a 200 day simple moving average of $22.25. The company has a market cap of $5.82 billion, a P/E ratio of 640.88, a P/E/G ratio of 4.44 and a beta of 1.04. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $31.65.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, sell-side analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Informatica

Several hedge funds and other institutional investors have recently made changes to their positions in INFA. SG Americas Securities LLC acquired a new stake in Informatica in the fourth quarter valued at approximately $2,762,000. KBC Group NV lifted its stake in shares of Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after acquiring an additional 1,325 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,437 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Informatica by 50.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,929 shares of the technology company’s stock worth $309,000 after acquiring an additional 3,994 shares during the last quarter. Finally, FSR Wealth Management Ltd. bought a new stake in Informatica during the 4th quarter worth $205,000. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on INFA shares. Truist Financial reissued a “buy” rating and issued a $24.00 price objective (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th. Guggenheim reiterated a “buy” rating and issued a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. The Goldman Sachs Group raised their price objective on Informatica from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Royal Bank of Canada cut their target price on Informatica from $20.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday, May 8th. Finally, Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.69.

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.