Informatica Inc. (NYSE:INFA) CAO Mark Pellowski Sells 10,026 Shares

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.51, for a total transaction of $356,023.26. Following the sale, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mark Pellowski also recently made the following trade(s):

• On Thursday, March 7th, Mark Pellowski sold 10,026 shares of Informatica stock. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04.

Informatica Trading Down 0.9 %

INFA stock opened at $34.70 on Thursday. The company has a 50 day moving average of $34.08 and a two-hundred day moving average of $28.59. Informatica Inc. has a 12-month low of $13.29 and a 12-month high of $39.80. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. The business had revenue of $445.18 million for the quarter, compared to analyst estimates of $431.51 million. As a group, research analysts predict that Informatica Inc. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup upped their price target on shares of Informatica from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price target on shares of Informatica in a research report on Monday. The Goldman Sachs Group upgraded shares of Informatica from a “neutral” rating to a “buy” rating and upped their price target for the company from $26.00 to $44.00 in a research report on Friday, February 16th. Robert W. Baird assumed coverage on shares of Informatica in a research report on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 price target for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.78.

Institutional Trading of Informatica

Several hedge funds and other institutional investors have recently bought and sold shares of INFA. Advisor Group Holdings Inc. grew its position in Informatica by 45.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,042 shares of the technology company’s stock worth $99,000 after purchasing an additional 1,572 shares during the last quarter. JPMorgan Chase & Co. grew its position in Informatica by 10.7% in the 1st quarter. JPMorgan Chase & Co. now owns 15,001 shares of the technology company’s stock worth $296,000 after purchasing an additional 1,451 shares during the last quarter. Citigroup Inc. grew its position in Informatica by 1,144.3% in the 1st quarter. Citigroup Inc. now owns 23,380 shares of the technology company’s stock worth $462,000 after purchasing an additional 21,501 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in Informatica in the 1st quarter worth $34,000. Finally, Ergoteles LLC acquired a new stake in Informatica in the 1st quarter worth $304,000. 98.45% of the stock is currently 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.