Analysts Set Informatica Inc. (NYSE:INFA) Price Target at $24.15

Shares of Informatica Inc. (NYSE:INFA - Get Free Report) have been assigned an average rating of "Hold" from the sixteen research firms that are presently covering the firm, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.15.

A number of equities analysts have weighed in on the company. Royal Bank of Canada lowered Informatica from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. The Goldman Sachs Group downgraded shares of Informatica from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $38.00 to $20.00 in a research report on Friday, February 14th. Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Wells Fargo & Company downgraded Informatica from a "buy" rating to an "equal weight" rating in a research note on Friday, February 14th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction 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 of the company's stock, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

Large investors have recently added to or reduced their stakes in the stock. Praxis Investment Management Inc. bought a new position in Informatica during the first quarter valued at $218,000. FNY Investment Advisers LLC boosted its stake in shares of Informatica by 113.3% during the 1st quarter. FNY Investment Advisers LLC now owns 4,480 shares of the technology company's stock worth $78,000 after purchasing an additional 2,380 shares during the period. SG Americas Securities LLC grew its holdings in Informatica by 3.2% during the 1st quarter. SG Americas Securities LLC now owns 109,957 shares of the technology company's stock valued at $1,919,000 after purchasing an additional 3,424 shares during the last quarter. L. Roy Papp & Associates LLP raised its position in Informatica by 1.9% in the 1st quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock worth $889,000 after purchasing an additional 961 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after purchasing an additional 1,216 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Informatica Stock Up 2.8 %

NYSE:INFA traded up $0.50 during trading hours on Friday, reaching $18.15. 204,836 shares of the company traded hands, compared to its average volume of 2,095,647. Informatica has a 1 year low of $15.65 and a 1 year high of $32.54. The stock has a market capitalization of $5.49 billion, a P/E ratio of 605.04, a P/E/G ratio of 4.44 and a beta of 1.06. The business's 50-day moving average price is $18.14 and its two-hundred day moving average price is $23.25. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data 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). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. Analysts predict that Informatica will post 0.63 earnings per share for the current year.

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.