Insider Selling: Informatica Inc. (NYSE:INFA) EVP Sells 11,503 Shares of Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 11,503 shares of the firm’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 owns 328,799 shares of the company’s stock, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 stock was sold at an average price of $27.05, for a total value of $290,354.70.

Informatica Stock Down 1.6 %

INFA stock traded down $0.29 during midday trading on Wednesday, hitting $18.04. The company’s stock had a trading volume of 2,603,851 shares, compared to its average volume of 2,557,922. The firm’s 50-day moving average is $23.12 and its 200-day moving average is $24.91. 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 Inc. has a 12 month low of $16.37 and a 12 month high of $39.80. The company has a market cap of $5.46 billion, a PE ratio of 601.37, a P/E/G ratio of 4.44 and a beta of 1.05.

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

Institutional Trading of Informatica

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock valued at $66,000 after purchasing an additional 667 shares during the period. Verdence Capital Advisors LLC raised its stake in Informatica by 10.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock valued at $263,000 after buying an additional 993 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Informatica during the 4th quarter valued at $32,000. KBC Group NV lifted its holdings in shares of Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after buying an additional 1,325 shares during the period. Finally, Pacer Advisors Inc. boosted its stake 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 worth $159,000 after buying an additional 1,437 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on INFA. Royal Bank of Canada lowered Informatica from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Guggenheim restated a “buy” rating and set a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research note on Friday, February 14th. Baird R W lowered shares of Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Informatica has a consensus rating of “Hold” and a consensus target price of $24.67.

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.