Mark Pellowski Sells 10,026 Shares of Informatica Inc. (NYSE:INFA) Stock

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.51, for a total value of $356,023.26. Following the completion of the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The sale was disclosed in a filing with the SEC, which is available through this link.

Mark Pellowski also recently made the following trade(s):

• On Thursday, March 7th, Mark Pellowski sold 10,026 shares of Informatica stock. The stock was sold at an average price of $32.04, for a total value of $321,233.04.

Informatica Price Performance

INFA opened at $35.19 on Friday. The stock has a fifty day moving average of $34.24 and a 200-day moving average of $28.74. The firm has a market capitalization of $10.38 billion, a P/E ratio of -76.50, a PEG ratio of 7.38 and a beta of 1.08. Informatica Inc. has a 12-month low of $13.29 and a 12-month high of $39.80. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. The firm had revenue of $445.18 million for the quarter, compared to analysts’ expectations of $431.51 million. Equities analysts forecast that Informatica Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFA has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. UBS Group raised their price objective on Informatica from $27.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. The Goldman Sachs Group raised Informatica from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $44.00 in a research note on Friday, February 16th. Robert W. Baird assumed coverage on Informatica in a research note on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective for the company. Finally, Citigroup raised their price objective on Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.78.

Institutional Trading of Informatica

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in Informatica during the fourth quarter worth $39,000. State of Wyoming acquired a new position in Informatica during the fourth quarter worth $25,000. Allspring Global Investments Holdings LLC acquired a new position in Informatica during the fourth quarter worth $46,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Informatica during the second quarter worth $36,000. Finally, MetLife Investment Management LLC acquired a new position in Informatica during the first quarter worth $34,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.