Informatica Inc. (NYSE:INFA) EVP Sells $209,124.54 in Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

John Arthur Schweitzer also recently made the following trade(s):

• On Monday, December 16th, John Arthur Schweitzer sold 10,734 shares of Informatica stock. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70.

Informatica Price Performance

Shares of Informatica stock traded down $0.29 on Wednesday, hitting $18.04. 2,603,851 shares of the company traded hands, compared to its average volume of 2,557,922. Informatica Inc. has a 52 week low of $16.37 and a 52 week high of $39.80. The business has a 50-day simple moving average of $23.12 and a 200 day simple moving average of $24.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market capitalization of $5.46 billion, a P/E ratio of 601.37, a price-to-earnings-growth ratio of 4.44 and a beta of 1.05.

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

Wall Street Analyst Weigh In

INFA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a research note on Friday, February 14th. Wedbush downgraded Informatica to a “neutral” rating in a research report on Friday, February 14th. Wells Fargo & Company cut Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. The Goldman Sachs Group cut Informatica from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $38.00 to $20.00 in a research report on Friday, February 14th. Finally, Guggenheim reissued a “buy” rating and issued a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Informatica currently has an average rating of “Hold” and a consensus target price of $24.67.

Institutional Investors Weigh In On Informatica

A number of hedge funds have recently bought and sold shares of INFA. ORG Wealth Partners LLC bought a new stake in shares of Informatica in the 4th quarter worth about $32,000. Quarry LP purchased a new position in Informatica in the third quarter worth about $38,000. National Bank of Canada FI increased its stake in 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 last quarter. New Age Alpha Advisors LLC bought a new stake in Informatica during the fourth quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC purchased a new stake in Informatica during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.