Informatica (NYSE:INFA) Shares Gap Down to $38.48

Shares of Informatica Inc. (NYSE:INFA) gapped down prior to trading on Monday . The stock had previously closed at $38.48, but opened at $37.50. Informatica shares last traded at $37.10, with a volume of 1,944,574 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on INFA. Robert W. Baird started coverage on Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. The Goldman Sachs Group upgraded shares of Informatica from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $44.00 in a research report on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and set a $41.00 price objective on shares of Informatica in a research report on Monday. Finally, Citigroup raised their target price on shares of Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.78.

Informatica Stock Down 2.7 %

The firm’s 50 day moving average price is $33.99 and its two-hundred day moving average price is $28.55. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82.

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). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The business had revenue of $445.18 million for the quarter, compared to analyst estimates of $431.51 million. On average, research analysts predict that Informatica Inc. will post 0.56 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 65,709 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $2,105,316.36. Following the completion of the sale, the executive vice president now owns 496,854 shares of the company’s stock, valued at approximately $15,919,202.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Amit Walia sold 85,996 shares of the business’s stock in a transaction that occurred 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 transaction, 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 legal filing with the SEC, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 65,709 shares of the business’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 transaction, 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. Insiders sold a total of 167,683 shares of company stock valued at $5,564,047 over the last 90 days. 53.90% of the stock is owned by company 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 company. State of Wyoming bought a new stake in Informatica in the fourth quarter worth about $25,000. MetLife Investment Management LLC acquired a new position in shares of Informatica in the 1st quarter worth approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Informatica in the 2nd quarter worth approximately $36,000. GAMMA Investing LLC bought a new stake in shares of Informatica in the 4th quarter worth approximately $39,000. Finally, First Manhattan Co. acquired a new stake in Informatica during the first quarter valued at approximately $39,000. 98.45% of the stock is owned by institutional investors.

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.