Informatica (NYSE:INFA) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Informatica Inc. (NYSE:INFA - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 2,361,858 shares were traded during mid-day trading, a decline of 16% from the previous session's volume of 2,821,427 shares.The stock last traded at $17.64 and had previously closed at $17.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INFA shares. UBS Group lowered their target price on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, February 14th. 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 report on Friday, February 14th. Bank of America lowered Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Cantor Fitzgerald initiated coverage on Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price target on the stock. Finally, Baird R W lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Informatica presently has an average rating of "Hold" and an average price target of $24.15.

Informatica Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market cap of $5.10 billion, a PE ratio of 562.52, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. The stock's fifty day moving average is $18.52 and its 200-day moving average is $23.39.

Informatica (NYSE:INFA - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). The business had revenue of $428.31 million during the quarter, compared to analysts' expectations of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. As a group, equities analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 48.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after purchasing an additional 1,591,037 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after purchasing an additional 2,409,023 shares during the last quarter. FIL Ltd increased its position in Informatica by 0.9% during the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock worth $270,949,000 after buying an additional 93,685 shares during the period. FMR LLC raised its position in Informatica by 126,639.2% in the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Informatica by 16.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after acquiring an additional 1,168,158 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

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.