Informatica Inc. (NYSE:INFA) CAO Sells $271,547.10 in Stock

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,035 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the transaction, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, October 15th, Mark Pellowski sold 10,026 shares of Informatica stock. The stock was sold at an average price of $26.76, for a total value of $268,295.76.

Informatica Stock Performance

Informatica stock opened at $26.07 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $7.96 billion, a P/E ratio of 124.15, a price-to-earnings-growth ratio of 5.68 and a beta of 1.00. Informatica Inc. has a 1-year low of $22.08 and a 1-year high of $39.80. The company’s 50-day moving average is $26.35 and its 200 day moving average is $26.29.

Informatica announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Informatica

A number of institutional investors and hedge funds have recently modified their holdings of INFA. First Horizon Advisors Inc. bought a new position in Informatica in the 2nd quarter valued at $32,000. Quarry LP purchased a new stake in Informatica in the 3rd quarter valued at about $38,000. National Bank of Canada FI increased its position in shares of Informatica by 3,288.0% during the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,644 shares during the period. Summit Securities Group LLC bought a new stake in shares of Informatica during the second quarter valued at approximately $46,000. Finally, Amalgamated Bank boosted its holdings in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 shares during the period. 98.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INFA has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th. UBS Group boosted their price target on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Finally, Truist Financial assumed coverage on shares of Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.27.

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.