Informatica Inc. (NYSE:INFA) Receives $33.20 Average Price Target from Analysts

Shares of Informatica Inc. (NYSE:INFA) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.20.

Several research analysts have recently issued reports on INFA shares. The Goldman Sachs Group lowered their price objective on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a report on Friday, October 18th. JPMorgan Chase & Co. cut their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, UBS Group increased their target price on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at $3,817,875.96. This trade represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by company insiders.

Institutional Trading of Informatica

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky purchased a new position in Informatica during the third quarter worth about $1,613,000. Geode Capital Management LLC increased its position in Informatica by 34.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after purchasing an additional 311,003 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Informatica during the 3rd quarter worth approximately $396,000. XTX Topco Ltd acquired a new stake in shares of Informatica in the 3rd quarter valued at approximately $325,000. Finally, National Bank of Canada FI boosted its stake in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after buying an additional 1,644 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Stock Performance

Shares of INFA stock opened at $26.36 on Thursday. The company has a market cap of $8.05 billion, a P/E ratio of 125.53, a PEG ratio of 5.63 and a beta of 1.04. The firm has a fifty day moving average price of $25.81 and a 200 day moving average price of $26.70. 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 has a 12 month low of $22.08 and a 12 month high of $39.80.

Informatica declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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.