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

Informatica Inc. (NYSE:INFA) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $35.45.

A number of research analysts have issued reports on INFA shares. UBS Group upped their price objective on Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price objective on shares of Informatica in a report on Monday, April 15th. The Goldman Sachs Group raised Informatica from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $44.00 in a report on Friday, February 16th. Robert W. Baird initiated coverage on Informatica in a report on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd.

Informatica Price Performance

Shares of INFA opened at $29.84 on Friday. Informatica has a 52-week low of $13.29 and a 52-week high of $39.80. 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 stock has a 50 day simple moving average of $34.05 and a 200 day simple moving average of $29.49. The firm has a market capitalization of $8.81 billion, a PE ratio of -1,492.00, a P/E/G ratio of 6.42 and a beta of 1.12.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $445.18 million for the quarter, compared to the consensus estimate of $431.51 million. Informatica had a return on equity of 5.45% and a net margin of 0.03%. Sell-side analysts predict that Informatica will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 5,952 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $33.87, for a total transaction of $201,594.24. Following the sale, the executive vice president now directly owns 490,902 shares in the company, valued at $16,626,850.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $35.51, for a total transaction of $356,023.26. Following the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at approximately $5,359,772.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 5,952 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $33.87, for a total value of $201,594.24. Following the completion of the transaction, the executive vice president now owns 490,902 shares of the company’s stock, valued at approximately $16,626,850.74. The disclosure for this sale can be found here. Insiders have sold a total of 243,600 shares of company stock worth $8,259,201 over the last ninety days. Company insiders own 53.90% of the company’s stock.

Institutional Investors Weigh In On Informatica

A number of institutional investors have recently modified their holdings of INFA. GAMMA Investing LLC purchased a new stake in shares of Informatica during the 4th quarter valued at approximately $39,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Informatica during the 4th quarter valued at approximately $46,000. Quarry LP raised its position in shares of Informatica by 186.9% during the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after buying an additional 1,482 shares during the period. Quent Capital LLC raised its position in Informatica by 86.2% in the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,106 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Informatica in the first quarter valued at approximately $264,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.