Informatica (NYSE:INFA) Coverage Initiated by Analysts at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald began coverage on shares of Informatica (NYSE:INFA - Get Free Report) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set a "neutral" rating and a $29.00 price target on the technology company's stock. Cantor Fitzgerald's target price would suggest a potential upside of 18.39% from the stock's current price.

Other research analysts have also issued research reports about the company. Guggenheim reiterated a "buy" rating on shares of Informatica in a research report on Friday, October 18th. UBS Group lifted their price objective on shares of Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Truist Financial initiated coverage on shares of Informatica in a research note on Thursday, December 12th. They set a "buy" rating and a $34.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Informatica presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.92.

Informatica Stock Down 0.1 %

Shares of INFA stock traded down $0.04 during trading hours on Friday, hitting $24.50. 579,234 shares of the company were exchanged, compared to its average volume of 1,193,816. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 116.65, a P/E/G ratio of 3.42 and a beta of 0.99. Informatica has a one year low of $22.08 and a one year high of $39.80. The business's 50-day simple moving average is $26.04 and its two-hundred day simple moving average is $25.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, CAO Mark Pellowski sold 10,035 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares of the company's stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the transaction, the executive vice president now directly owns 353,778 shares in the company, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Institutional Trading of Informatica

A number of large investors have recently added to or reduced their stakes in INFA. Rhumbline Advisers lifted its holdings in shares of Informatica by 20.0% during the second quarter. Rhumbline Advisers now owns 55,816 shares of the technology company's stock valued at $1,724,000 after purchasing an additional 9,321 shares during the last quarter. American Century Companies Inc. purchased a new stake in Informatica during the second quarter valued at about $290,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Informatica in the second quarter worth about $422,000. Envestnet Asset Management Inc. boosted its holdings in shares of Informatica by 1,225.8% in the second quarter. Envestnet Asset Management Inc. now owns 140,147 shares of the technology company's stock worth $4,328,000 after buying an additional 129,576 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Informatica by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 682,648 shares of the technology company's stock valued at $21,081,000 after acquiring an additional 42,432 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.