Informatica Inc. (NYSE:INFA) EVP Sells $290,354.70 in Stock

Informatica Inc. (NYSE:INFA - Get Free Report) EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the transaction, the executive vice president now directly owns 353,778 shares of the company's stock, valued at $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Arthur Schweitzer also recently made the following trade(s):

• On Tuesday, October 15th, John Arthur Schweitzer sold 8,501 shares of Informatica stock. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76.

Informatica Trading Down 3.6 %

Shares of INFA stock traded down $0.97 on Wednesday, reaching $26.07. The company had a trading volume of 2,601,761 shares, compared to its average volume of 1,786,774. The stock has a market cap of $7.96 billion, a PE ratio of 124.15, a PEG ratio of 5.68 and a beta of 1.00. The company has a 50-day moving average of $26.34 and a 200-day moving average of $26.29. 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 Inc. has a 12 month low of $22.08 and a 12 month high of $39.80.

Informatica declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Informatica

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Informatica by 11.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company's stock worth $201,000 after purchasing an additional 810 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Informatica by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company's stock worth $674,000 after acquiring an additional 902 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Informatica by 10.6% during the third quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company's stock worth $263,000 after acquiring an additional 993 shares during the period. First Horizon Advisors Inc. bought a new stake in Informatica in the 2nd quarter valued at $32,000. Finally, Amalgamated Bank lifted its position in Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock valued at $108,000 after acquiring an additional 1,037 shares in the last quarter. 98.45% of the stock is 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.