Informatica (NYSE:INFA) Given “Buy” Rating at Guggenheim

Guggenheim restated their buy rating on shares of Informatica (NYSE:INFA) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $37.00 price objective on the technology company’s stock.

INFA has been the topic of several other research reports. Royal Bank of Canada restated an outperform rating and set a $41.00 price objective on shares of Informatica in a report on Thursday, May 23rd. Robert W. Baird initiated coverage on Informatica in a report on Tuesday, April 2nd. They set an outperform rating and a $43.00 price objective on the stock. Finally, Wells Fargo & Company cut their price objective on Informatica from $45.00 to $40.00 and set an overweight rating on the stock in a report on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Informatica has an average rating of Moderate Buy and a consensus target price of $35.45.

Informatica Price Performance

Shares of Informatica stock opened at $29.82 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $30.25 and its two-hundred day moving average price is $31.19. Informatica has a 52 week low of $17.46 and a 52 week high of $39.80. The stock has a market cap of $8.80 billion, a PE ratio of -1,491.00, a price-to-earnings-growth ratio of 7.62 and a beta of 1.06.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Informatica had a return on equity of 5.31% and a net margin of 0.03%. The business had revenue of $388.61 million during the quarter, compared to the consensus estimate of $384.97 million. As a group, sell-side analysts anticipate that Informatica will post 0.52 EPS for the current fiscal year.

Insider Activity at Informatica

In related news, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total value of $2,730,364.56. Following the completion of the sale, the executive vice president now owns 509,381 shares of the company’s stock, valued at approximately $14,547,921.36. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.51, for a total transaction of $356,023.26. Following the completion of the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ansa Sekharan sold 95,601 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total value of $2,730,364.56. Following the sale, the executive vice president now directly owns 509,381 shares of the company’s stock, valued at approximately $14,547,921.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,518 shares of company stock valued at $5,425,518. 48.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Informatica

A number of large investors have recently added to or reduced their stakes in INFA. Wellington Management Group LLP lifted its holdings in shares of Informatica by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock worth $275,966,000 after buying an additional 883,642 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Informatica by 5.0% during the first quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company’s stock worth $195,155,000 after buying an additional 267,748 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Informatica during the first quarter worth approximately $52,045,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Informatica by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,289,958 shares of the technology company’s stock worth $45,149,000 after buying an additional 73,655 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Informatica by 78,094.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock worth $44,473,000 after buying an additional 1,269,034 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

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.