Stock Traders Buy High Volume of Call Options on Informatica (NYSE:INFA)

Informatica Inc. (NYSE:INFA) was the target of unusually large options trading activity on Tuesday. Investors bought 9,021 call options on the stock. This is an increase of approximately 330% compared to the average daily volume of 2,097 call options.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on INFA shares. Royal Bank of Canada upped their price objective on shares of Informatica from $19.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday. UBS Group raised their price objective on shares of Informatica from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Wedbush lowered shares of Informatica to a “neutral” rating in a research note on Friday, February 14th. Scotiabank raised their price objective on shares of Informatica from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company lowered shares of Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.92.

Informatica Trading Up 6.1%

Shares of INFA opened at $23.92 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica has a 1-year low of $15.65 and a 1-year high of $31.65. The business’s 50-day moving average price is $18.51 and its 200 day moving average price is $22.09. The stock has a market capitalization of $7.24 billion, a P/E ratio of 797.60, a P/E/G ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last released its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $403.90 million during the quarter, compared to analysts’ expectations of $392.14 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. Analysts expect that Informatica will post 0.63 earnings per share for the current year.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now owns 328,799 shares of the company’s stock, valued at $5,977,565.82. The trade was a 3.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 34,735 shares of company stock valued at $643,827. Company insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INFA. KBC Group NV raised its holdings in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after buying an additional 1,325 shares during the period. Pacer Advisors Inc. grew its stake in shares of Informatica by 30.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock valued at $159,000 after buying an additional 1,437 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Informatica by 50.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,929 shares of the technology company’s stock worth $309,000 after purchasing an additional 3,994 shares during the period. FSR Wealth Management Ltd. bought a new position in Informatica during the fourth quarter worth $205,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Informatica by 16.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after purchasing an additional 1,168,158 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.