DA Davidson Issues Pessimistic Forecast for Informatica (NYSE:INFA) Stock Price

Informatica (NYSE:INFA) had its price target decreased by investment analysts at DA Davidson from $20.00 to $18.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. DA Davidson’s price target points to a potential upside of 2.97% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Wedbush cut Informatica to a “neutral” rating in a research note on Friday, February 14th. Robert W. Baird reissued a “neutral” rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Wells Fargo & Company cut shares of Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Royal Bank of Canada cut Informatica from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $35.00 to $19.00 in a report on Friday, February 14th. Finally, Cantor Fitzgerald initiated coverage on Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price on the stock. Thirteen equities research 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, the stock currently has an average rating of “Hold” and an average target price of $24.15.

Informatica Price Performance

Shares of NYSE:INFA traded up $0.17 during midday trading on Monday, reaching $17.48. 1,166,842 shares of the company were exchanged, compared to its average volume of 2,090,052. 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 stock has a market cap of $5.29 billion, a PE ratio of 582.86, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. The business’s fifty day moving average is $19.35 and its two-hundred day moving average is $23.63. Informatica has a one year low of $15.65 and a one year high of $38.00.

Informatica (NYSE:INFA) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $428.31 million during the quarter, compared to analysts’ expectations of $457.55 million. As a group, analysts predict that Informatica will post 0.63 earnings per share for the current year.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the 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 transaction, the executive vice president now owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Several hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC purchased a new stake in shares of Informatica during the fourth quarter worth $32,000. Parallel Advisors LLC lifted its position in Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,216 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Informatica during the fourth quarter worth about $43,000. National Bank of Canada FI lifted its holdings in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Informatica by 7,053.8% in the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,834 shares during the period. Institutional investors and hedge funds 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.