Informatica Inc. (NYSE:INFA) Receives $35.45 Average PT from Analysts

Informatica Inc. (NYSE:INFA) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.45.

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their price target on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 target price on shares of Informatica in a report on Monday, April 15th. Robert W. Baird started coverage on Informatica in a report on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 price target for the company. The Goldman Sachs Group raised shares of Informatica from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $44.00 in a research note on Friday, February 16th. Finally, UBS Group boosted their target price on shares of Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 65,709 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $2,105,316.36. Following the sale, the executive vice president now owns 496,854 shares of the company’s stock, valued at $15,919,202.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Amit Walia sold 85,996 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the sale, the chief executive officer now directly owns 2,537,995 shares in the company, valued at $86,647,149.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 65,709 shares of Informatica stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $2,105,316.36. Following the sale, the executive vice president now owns 496,854 shares of the company’s stock, valued at approximately $15,919,202.16. 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 corporate insiders.

Hedge Funds Weigh In On Informatica

Several institutional investors and hedge funds have recently bought and sold shares of INFA. ORG Partners LLC purchased a new stake in Informatica during the first quarter worth approximately $43,000. GAMMA Investing LLC purchased a new stake in Informatica during the 4th quarter worth $39,000. Allspring Global Investments Holdings LLC acquired a new stake in Informatica in the 4th quarter valued at $46,000. Quarry LP raised its position in Informatica by 186.9% in the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,482 shares during the period. Finally, Quent Capital LLC lifted its stake in shares of Informatica by 86.2% during the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Price Performance

INFA opened at $29.93 on Friday. The business has a fifty day moving average of $33.94 and a 200 day moving average of $29.68. The stock has a market cap of $8.83 billion, a P/E ratio of -1,496.50, a PEG ratio of 7.07 and a beta of 1.12. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. Informatica has a 52-week low of $14.44 and a 52-week high of $39.80.

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 net margin of 0.03% and a return on equity of 5.31%. The firm had revenue of $445.18 million for the quarter, compared to analysts’ expectations of $431.51 million. As a group, sell-side analysts anticipate that Informatica will post 0.55 EPS for the current year.

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.