Informatica Inc. (NYSE:INFA) Receives $32.18 Average PT from Brokerages

Shares of Informatica Inc. (NYSE:INFA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $32.18.

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Informatica from $44.00 to $38.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on Informatica from $40.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, July 31st. Citigroup decreased their price objective on Informatica from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their price objective on Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Informatica from $39.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, August 1st.

Informatica Stock Performance

NYSE INFA traded up $0.07 on Friday, hitting $26.72. 1,164,015 shares of the company's stock traded hands, compared to its average volume of 1,252,874. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica has a 1-year low of $18.71 and a 1-year high of $39.80. The firm's 50-day moving average price is $25.35 and its two-hundred day moving average price is $27.63. The firm has a market capitalization of $7.88 billion, a PE ratio of -1,336.00, a P/E/G ratio of 5.41 and a beta of 1.06.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The business had revenue of $400.63 million during the quarter, compared to analysts' expectations of $402.97 million. During the same period in the previous year, the business posted $0.02 EPS. The business's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts expect that Informatica will post 0.5 EPS for the current year.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at approximately $3,817,875.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 8,501 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now owns 393,686 shares of the company's stock, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Informatica

A number of large investors have recently made changes to their positions in INFA. First Horizon Advisors Inc. purchased a new stake in shares of Informatica in the second quarter valued at approximately $32,000. ORG Partners LLC purchased a new position in Informatica in the first quarter worth approximately $43,000. Summit Securities Group LLC purchased a new position in Informatica in the second quarter worth approximately $46,000. Amalgamated Bank grew its position in Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock worth $108,000 after acquiring an additional 1,037 shares during the period. Finally, New York State Teachers Retirement System purchased a new position in Informatica in the third quarter worth approximately $149,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.