Informatica (NYSE:INFA) Sets New 12-Month High at $36.84

Informatica Inc. (NYSE:INFA) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $36.84 and last traded at $36.84, with a volume of 289 shares. The stock had previously closed at $35.96.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Scotiabank increased their price target on Informatica from $21.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, December 7th. The Goldman Sachs Group raised shares of Informatica from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $44.00 in a report on Friday, February 16th. Citigroup boosted their price target on shares of Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. UBS Group raised their price objective on shares of Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica presently has an average rating of “Hold” and a consensus target price of $31.63.

Informatica Price Performance

The firm has a market capitalization of $10.33 billion, a PE ratio of -76.09, a P/E/G ratio of 7.65 and a beta of 1.07. 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 company has a fifty day moving average price of $32.38 and a two-hundred day moving average price of $27.03.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $445.18 million during the quarter, compared to analysts’ expectations of $431.51 million. Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. Sell-side analysts forecast that Informatica Inc. will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the sale, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $321,233.04. Following the completion of the sale, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The sale was disclosed in a filing with the SEC, 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 completion of the sale, the chief executive officer now owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,683 shares of company stock valued at $5,564,047. Insiders own 53.90% of the company’s stock.

Hedge Funds Weigh In On Informatica

Large investors have recently modified their holdings of the business. State of Wyoming acquired a new position in Informatica during the fourth quarter worth $25,000. MetLife Investment Management LLC acquired a new position in shares of Informatica during the 1st quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Informatica in the 2nd quarter valued at about $36,000. GAMMA Investing LLC purchased a new position in shares of Informatica in the 4th quarter valued at about $39,000. Finally, First Manhattan Co. acquired a new stake in shares of Informatica in the first quarter valued at about $39,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.