DA Davidson Comments on Informatica Inc.’s Q2 2024 Earnings (NYSE:INFA)

Informatica Inc. (NYSE:INFA) – Investment analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Informatica in a research note issued to investors on Thursday, May 2nd. DA Davidson analyst G. Luria forecasts that the technology company will post earnings per share of $0.11 for the quarter. The consensus estimate for Informatica’s current full-year earnings is $0.57 per share. DA Davidson also issued estimates for Informatica’s FY2024 earnings at $0.63 EPS and FY2025 earnings at $0.73 EPS.

INFA has been the topic of a number of other reports. Robert W. Baird began coverage on Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price target on the stock. Guggenheim restated a “buy” rating and set a $37.00 target price on shares of Informatica in a report on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their price target on Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Citigroup increased their price objective on shares of Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price objective on shares of Informatica in a research report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Informatica has an average rating of “Moderate Buy” and an average price target of $35.45.

Informatica Stock Performance

NYSE INFA opened at $29.84 on Friday. Informatica has a 1-year low of $13.29 and a 1-year high of $39.80. The company has a 50 day moving average of $34.05 and a 200-day moving average of $29.49. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of -1,492.00, a PEG ratio of 6.42 and a beta of 1.12.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $445.18 million for the quarter, compared to analyst estimates of $431.51 million. Informatica had a return on equity of 5.45% and a net margin of 0.03%.

Insider Activity at Informatica

In other Informatica news, CEO Amit Walia sold 85,996 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at $86,647,149.30. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.51, for a total value of $356,023.26. Following the completion of the transaction, the chief accounting officer now directly owns 150,937 shares in the company, valued at approximately $5,359,772.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amit Walia sold 85,996 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the sale, the chief executive officer now owns 2,537,995 shares in the company, valued at $86,647,149.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 243,600 shares of company stock worth $8,259,201. 53.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Informatica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in Informatica during the 4th quarter worth approximately $39,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Informatica in the fourth quarter worth $46,000. Quarry LP boosted its holdings in Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,482 shares during the last quarter. Quent Capital LLC grew its position in Informatica by 86.2% in the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,106 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Informatica in the 4th quarter valued at $215,000. 98.45% of the stock is owned by institutional investors and hedge funds.

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.