Wells Fargo & Company Cuts Informatica (NYSE:INFA) Price Target to $40.00

Informatica (NYSE:INFA) had its price objective decreased by Wells Fargo & Company from $45.00 to $40.00 in a research report released on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

Several other equities research analysts have also issued reports on INFA. Royal Bank of Canada reaffirmed an outperform rating and issued a $41.00 price objective on shares of Informatica in a research note on Monday, April 15th. Robert W. Baird started coverage on Informatica in a research note on Tuesday, April 2nd. They set an outperform rating and a $43.00 price target for the company. JPMorgan Chase & Co. raised their price target on Informatica from $33.00 to $38.00 and gave the stock an overweight rating in a research note on Thursday, February 15th. Citigroup raised their price target on Informatica from $28.00 to $33.00 and gave the stock a neutral rating in a research note on Monday, February 12th. Finally, UBS Group raised their price target on Informatica from $27.00 to $37.00 and gave the stock a neutral rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Informatica currently has a consensus rating of Moderate Buy and a consensus price target of $35.45.

Informatica Stock Down 0.3 %

NYSE:INFA opened at $31.84 on Tuesday. Informatica has a 1 year low of $13.29 and a 1 year high of $39.80. The business has a 50 day simple moving average of $34.32 and a 200-day simple moving average of $29.01. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $445.18 million during the quarter, compared to the consensus estimate of $431.51 million. Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. As a group, research analysts anticipate that Informatica will post 0.56 EPS for the current year.

Insider Buying and Selling at Informatica

In other news, CEO Amit Walia sold 85,996 shares of Informatica 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 transaction, the chief executive officer now directly owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP John Arthur Schweitzer sold 65,709 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $2,105,316.36. Following the transaction, the executive vice president now directly owns 496,854 shares in the company, valued at approximately $15,919,202.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Amit Walia sold 85,996 shares of the business’s 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 transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at $86,647,149.30. The disclosure for this sale can be found here. Insiders sold a total of 243,600 shares of company stock valued at $8,259,201 in the last ninety days. Corporate insiders own 53.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in Informatica by 37.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock worth $3,761,000 after buying an additional 35,788 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 during the last quarter. Tudor Investment Corp Et Al grew its stake in Informatica by 34.0% during the 3rd quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock worth $3,861,000 after buying an additional 46,520 shares during the last quarter. Swiss National Bank grew its stake in Informatica by 1.9% during the 3rd quarter. Swiss National Bank now owns 79,900 shares of the technology company’s stock valued at $1,683,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its stake in Informatica by 32.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock valued at $25,525,000 after purchasing an additional 297,289 shares during the last quarter. 98.45% of the stock is currently 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.