Informatica (NYSE:INFA) Sets New 52-Week Low After Earnings Miss

Informatica Inc. (NYSE:INFA)’s share price hit a new 52-week low during mid-day trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $16.38 and last traded at $17.30, with a volume of 2772411 shares trading hands. The stock had previously closed at $25.17.

The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.29% and a net margin of 3.89%.

Informatica declared that its board has approved a stock buyback plan on Wednesday, October 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the technology company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on INFA shares. JPMorgan Chase & Co. reduced their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Bank of America lowered shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday. Guggenheim restated a “buy” rating and issued a $37.00 price target on shares of Informatica in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a report on Friday. Finally, Robert W. Baird restated a “neutral” rating and issued a $19.00 target price (down from $35.00) on shares of Informatica in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.17.

Insider Activity at Informatica

In related news, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the sale, the chief accounting officer now owns 138,477 shares in the company, valued at approximately $3,747,187.62. This trade represents a 6.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the sale, the executive vice president now directly owns 353,778 shares in the company, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Informatica

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of Informatica by 987.2% in the fourth quarter. Jane Street Group LLC now owns 90,240 shares of the technology company’s stock worth $2,340,000 after acquiring an additional 81,940 shares in the last quarter. One68 Global Capital LLC acquired a new position in Informatica during the 4th quarter worth $778,000. Unisphere Establishment purchased a new stake in Informatica during the 4th quarter worth about $3,112,000. Soros Fund Management LLC acquired a new stake in Informatica in the 4th quarter valued at about $6,482,000. Finally, AQR Capital Management LLC raised its position in Informatica by 110.2% in the 4th quarter. AQR Capital Management LLC now owns 228,332 shares of the technology company’s stock valued at $5,921,000 after purchasing an additional 119,691 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Down 22.2 %

The firm has a 50 day moving average price of $25.65 and a 200-day moving average price of $25.46. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.98 billion, a PE ratio of 93.27, a PEG ratio of 3.65 and a beta of 0.99.

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.