Informatica Inc. (NYSE:INFA) Receives $32.55 Consensus PT from Analysts

Informatica Inc. (NYSE:INFA) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.55.

Several brokerages have weighed in on INFA. The Goldman Sachs Group dropped their target price on Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Citigroup lowered their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Guggenheim reissued a “buy” rating and issued a $37.00 target price on shares of Informatica in a research report 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.

Insider Buying and Selling

In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the transaction, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Informatica news, EVP John Arthur Schweitzer sold 64,501 shares of Informatica stock in a transaction on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the completion of the transaction, the executive vice president now owns 437,348 shares in the company, valued at approximately $12,324,466.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the sale, the chief accounting officer now directly owns 146,804 shares in the company, valued at approximately $4,072,342.96. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Informatica

Large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in Informatica in the 2nd quarter valued at approximately $32,000. ORG Partners LLC acquired a new stake in Informatica during the 1st quarter worth approximately $43,000. Summit Securities Group LLC bought a new stake in Informatica in the 2nd quarter valued at $46,000. Quarry LP grew its holdings in Informatica by 186.9% in 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 in the last quarter. Finally, Amalgamated Bank grew its holdings in Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after buying an additional 1,037 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Stock Performance

Shares of INFA stock opened at $25.50 on Friday. The company’s fifty day simple moving average is $25.21 and its 200-day simple moving average is $29.65. 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 has a 52 week low of $18.71 and a 52 week high of $39.80. The company has a market cap of $7.52 billion, a PE ratio of -1,275.00, a P/E/G ratio of 4.87 and a beta of 1.06.

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

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.