Informatica Inc. (NYSE:INFA) CAO Mark Pellowski Sells 10,026 Shares of Stock

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Informatica Trading Up 0.5 %

Shares of NYSE:INFA opened at $27.00 on Friday. The company has a market capitalization of $7.97 billion, a PE ratio of -1,350.00, a P/E/G ratio of 5.20 and a beta of 1.06. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica Inc. has a 12-month low of $18.71 and a 12-month high of $39.80. The business’s fifty day simple moving average is $24.99 and its 200-day simple moving average is $28.16.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $400.63 million for the quarter, compared to the consensus estimate of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share. As a group, equities research analysts predict that Informatica Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INFA. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Informatica by 11.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after acquiring an additional 810 shares during the last quarter. Ellsworth Advisors LLC lifted its holdings in shares of Informatica by 9.0% during the 3rd quarter. Ellsworth Advisors LLC now owns 20,008 shares of the technology company’s stock valued at $506,000 after purchasing an additional 1,658 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Informatica by 18.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 45,606 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 7,000 shares during the last quarter. Renaissance Capital LLC boosted its position in shares of Informatica by 21.6% in the 3rd quarter. Renaissance Capital LLC now owns 69,769 shares of the technology company’s stock worth $1,764,000 after purchasing an additional 12,392 shares in the last quarter. Finally, CWM LLC grew its stake in Informatica by 24.1% during the 3rd quarter. CWM LLC now owns 38,995 shares of the technology company’s stock worth $986,000 after buying an additional 7,585 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on INFA shares. Robert W. Baird decreased their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. UBS Group dropped their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Guggenheim reissued a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research note on Tuesday, June 25th. Finally, Scotiabank decreased their target price on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.55.

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.