Wells Fargo & Company Lowers Informatica (NYSE:INFA) Price Target to $40.00

Informatica (NYSE:INFA) had its target price dropped by stock analysts at Wells Fargo & Company from $45.00 to $40.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 25.27% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 target price on shares of Informatica in a research report on Monday, April 15th. UBS Group lifted their price target on shares of Informatica from $27.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Citigroup raised their target price on Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. lifted their target price on Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, The Goldman Sachs Group raised Informatica from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $44.00 in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.45.

Informatica Stock Up 1.7 %

Shares of NYSE:INFA opened at $31.93 on Tuesday. Informatica has a 52-week low of $13.29 and a 52-week high of $39.80. The company has a market capitalization of $9.42 billion, a PE ratio of -69.41, a price-to-earnings-growth ratio of 6.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66. The company has a fifty day moving average of $34.28 and a 200-day moving average of $28.99.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share (EPS) 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 analyst estimates of $431.51 million. Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. On average, equities analysts predict that Informatica will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.51, for a total value of $356,023.26. Following the completion of the sale, the chief accounting officer now owns 150,937 shares in the company, valued at approximately $5,359,772.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP John Arthur Schweitzer sold 65,709 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $2,105,316.36. Following the transaction, the executive vice president now directly owns 496,854 shares of the company’s stock, valued at approximately $15,919,202.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.51, for a total value of $356,023.26. Following the completion of the transaction, the chief accounting officer now owns 150,937 shares in the company, valued at approximately $5,359,772.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,600 shares of company stock worth $8,259,201. Corporate insiders own 53.90% of the company’s stock.

Hedge Funds Weigh In On Informatica

Several large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of Informatica by 4.7% in the 3rd quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company’s stock worth $265,000 after buying an additional 562 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Informatica by 4.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,864 shares of the technology company’s stock worth $507,000 after purchasing an additional 800 shares during the period. Quent Capital LLC boosted its position in 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 during the period. GAMMA Investing LLC bought a new stake in shares of Informatica in the fourth quarter valued at approximately $39,000. Finally, Renaissance Capital LLC raised its holdings in Informatica by 5.1% during the 1st quarter. Renaissance Capital LLC now owns 28,526 shares of the technology company’s stock valued at $998,000 after acquiring an additional 1,373 shares during the period. 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.