Informatica Inc. (NYSE:INFA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Informatica Inc. (NYSE:INFA) have received an average recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $24.46.

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Informatica from $19.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 28th. Truist Financial cut shares of Informatica from a “strong-buy” rating to a “hold” rating and increased their price target for the company from $24.00 to $25.00 in a report on Wednesday, May 28th. Robert W. Baird boosted their price objective on shares of Informatica from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 target price on Informatica in a research note on Wednesday, May 28th. Finally, DA Davidson reduced their target price on Informatica from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, April 14th.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 116,199 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $24.00, for a total value of $2,788,776.00. Following the transaction, the executive vice president owned 382,005 shares of the company’s stock, valued at approximately $9,168,120. This represents a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ansa Sekharan sold 99,348 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was 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 directly owned 391,959 shares in the company, valued at $9,465,809.85. The trade was a 20.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 238,779 shares of company stock valued at $5,622,733 in the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Informatica

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its stake in shares of Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,216 shares during the last quarter. Versant Capital Management Inc lifted its position in Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Informatica during the fourth quarter valued at $43,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Informatica by 1,545.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock valued at $49,000 after purchasing an additional 2,642 shares during the period. Finally, Deutsche Bank AG increased its position in Informatica by 126.1% in the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock worth $52,000 after buying an additional 1,660 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Informatica Stock Performance

Informatica stock opened at $24.41 on Friday. The stock’s 50 day moving average is $22.09 and its 200 day moving average is $21.75. The company has a market capitalization of $7.39 billion, a P/E ratio of -2,441,000.00, a PEG ratio of 5.89 and a beta of 1.15. Informatica has a twelve month low of $15.65 and a twelve month high of $31.65. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.78.

Informatica (NYSE:INFA) last released its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $403.90 million for the quarter, compared to analysts’ expectations of $392.14 million. Informatica had a return on equity of 5.89% and a net margin of 0.12%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, equities research analysts predict that Informatica will post 0.63 earnings per share for the current fiscal 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.