Informatica Inc. (NYSE:INFA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Informatica Inc. (NYSE:INFA) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.55.

A number of equities analysts recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $37.00 price target on shares of Informatica in a research note on Tuesday, June 25th. The Goldman Sachs Group dropped their target price on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. UBS Group cut their price target on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Informatica in a research note on Wednesday, July 31st. Finally, Scotiabank cut their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 31st.

Insider Activity at Informatica

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

Hedge Funds Weigh In On Informatica

Several institutional investors have recently bought and sold shares of INFA. Quarry LP grew its holdings in Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,482 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Informatica by 10.0% during the 4th 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 period. Vanguard Group Inc. grew its stake in Informatica by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock valued at $150,698,000 after buying an additional 1,098,246 shares during the last quarter. Quadrature Capital Ltd bought a new position in Informatica in the 4th quarter worth $757,000. Finally, CWM LLC lifted its position in Informatica by 8,977.1% during the 1st quarter. CWM LLC now owns 10,711 shares of the technology company’s stock worth $375,000 after acquiring an additional 10,593 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Informatica Stock Down 5.1 %

INFA stock opened at $23.98 on Wednesday. The firm has a market cap of $7.08 billion, a PE ratio of -1,199.00, a P/E/G ratio of 5.13 and a beta of 1.06. Informatica has a 12 month low of $18.71 and a 12 month high of $39.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a 50 day simple moving average of $24.54 and a 200 day simple moving average of $28.95.

Informatica (NYSE:INFA) last announced 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. The company had revenue of $400.63 million during the quarter, compared to the consensus estimate of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Equities research analysts forecast that Informatica will post 0.5 earnings per share for the current fiscal year.

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.