Informatica Inc. (NYSE:INFA) CAO Mark Pellowski Sells 10,035 Shares

Informatica Inc. (NYSE:INFA - Get Free Report) CAO Mark Pellowski sold 10,035 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the transaction, the chief accounting officer now owns 138,477 shares of the company's stock, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mark Pellowski also recently made the following trade(s):

• On Tuesday, October 15th, Mark Pellowski sold 10,026 shares of Informatica stock. The shares were sold at an average price of $26.76, for a total value of $268,295.76.

Informatica Trading Down 3.6 %

INFA traded down $0.97 during trading on Wednesday, reaching $26.07. 2,601,761 shares of the stock traded hands, compared to its average volume of 1,786,774. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock's 50-day moving average is $26.34 and its 200 day moving average is $26.29. Informatica Inc. has a 12 month low of $22.08 and a 12 month high of $39.80. The stock has a market capitalization of $7.96 billion, a PE ratio of 124.15, a P/E/G ratio of 5.68 and a beta of 1.00.

Informatica announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on INFA. UBS Group boosted their target price on Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Guggenheim reiterated a "buy" rating on shares of Informatica in a research report on Friday, October 18th. Truist Financial started coverage on shares of Informatica in a research report on Thursday, December 12th. They issued a "buy" rating and a $34.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.27.

Institutional Investors Weigh In On Informatica

A number of hedge funds have recently added to or reduced their stakes in INFA. First Horizon Advisors Inc. acquired a new stake in Informatica in the second quarter worth $32,000. Quarry LP acquired a new stake in shares of Informatica in the 3rd quarter valued at about $38,000. National Bank of Canada FI grew its stake in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock valued at $43,000 after buying an additional 1,644 shares during the period. Summit Securities Group LLC bought a new stake in Informatica in the 2nd quarter valued at about $46,000. Finally, Amalgamated Bank raised its stake in Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock worth $108,000 after buying an additional 1,037 shares during the period. 98.45% of the stock is currently owned by institutional investors.

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.