Ansa Sekharan Sells 99,348 Shares of Informatica Inc. (NYSE:INFA) Stock

Informatica Inc. (NYSE:INFA) EVP Ansa Sekharan sold 99,348 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total value of $2,399,254.20. Following the completion of the transaction, the executive vice president now owns 391,959 shares of the company’s stock, valued at $9,465,809.85. The trade was a 20.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Informatica Price Performance

Shares of INFA stock opened at $24.12 on Wednesday. The stock’s fifty day moving average is $19.72 and its 200-day moving average is $22.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market capitalization of $7.30 billion, a PE ratio of 804.10, a PEG ratio of 4.44 and a beta of 1.17. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $403.90 million for the quarter, compared to analysts’ expectations of $392.14 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. Equities research analysts expect that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFA has been the subject of a number of recent research reports. Scotiabank upped their target price on Informatica from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $25.00 price objective (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Truist Financial lowered Informatica from a “strong-buy” rating to a “hold” rating and increased their price objective for the stock from $24.00 to $25.00 in a research note on Wednesday, May 28th. Wells Fargo & Company increased their price objective on Informatica from $19.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 28th. Finally, Royal Bank of Canada set a $25.00 price objective on Informatica in a research note on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $24.46.

Institutional Trading of Informatica

Several large investors have recently made changes to their positions in INFA. FMR LLC grew its holdings in shares of Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock worth $268,889,000 after purchasing an additional 10,361,617 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Informatica by 52.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock worth $184,804,000 after purchasing an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after purchasing an additional 2,409,023 shares during the last quarter. Sunriver Management LLC bought a new position in Informatica in the first quarter valued at about $30,108,000. Finally, Wellington Management Group LLP boosted its holdings in Informatica by 13.8% in the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock valued at $341,111,000 after acquiring an additional 1,591,037 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

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.