Informatica Inc. (NYSE:INFA) EVP Sells $209,124.54 in Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Arthur Schweitzer also recently made the following trade(s):

• On Monday, December 16th, John Arthur Schweitzer sold 10,734 shares of Informatica stock. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70.

Informatica Stock Up 5.7 %

INFA stock opened at $18.37 on Friday. The stock has a market capitalization of $5.56 billion, a PE ratio of 612.67, a price-to-earnings-growth ratio of 4.44 and a beta of 1.05. Informatica Inc. has a 52 week low of $16.37 and a 52 week high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average of $22.80 and a 200 day moving average of $24.81.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. Sell-side analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on INFA. Wedbush lowered shares of Informatica to a “neutral” rating in a report on Friday, February 14th. Cantor Fitzgerald began coverage on Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group lowered shares of Informatica from a “buy” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $20.00 in a research report on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.67.

Institutional Trading of Informatica

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after purchasing an additional 667 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Informatica by 10.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock worth $263,000 after buying an additional 993 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Informatica during the 4th quarter valued at approximately $32,000. KBC Group NV boosted its holdings in shares of Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Informatica by 30.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,437 shares during the last quarter. Hedge funds and other 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.