Informatica (NYSE:INFA) Hits New 52-Week Low – Time to Sell?

Shares of Informatica Inc. (NYSE:INFA) hit a new 52-week low on Friday . The stock traded as low as $16.25 and last traded at $16.60, with a volume of 406127 shares trading hands. The stock had previously closed at $16.96.

Analyst Ratings Changes

Several brokerages have recently issued reports on INFA. Wells Fargo & Company cut shares of Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Robert W. Baird restated a “neutral” rating and issued a $19.00 price objective (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $35.00 to $19.00 in a report on Friday, February 14th. The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating and lowered their price target for the company from $38.00 to $20.00 in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Informatica currently has an average rating of “Hold” and a consensus price target of $24.67.

Informatica Stock Down 1.6 %

The stock’s 50 day simple moving average is $20.57 and its two-hundred day simple moving average is $24.05. The firm has a market cap of $5.05 billion, a P/E ratio of 556.69, a P/E/G ratio of 4.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA) last announced its quarterly earnings data 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). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. As a group, research analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value 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. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 48.10% of the company’s stock.

Hedge Funds Weigh In On Informatica

A number of hedge funds have recently bought and sold shares of INFA. FMR LLC grew its stake in shares of Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock worth $268,889,000 after acquiring an additional 10,361,617 shares during the period. Wellington Management Group LLP grew its position in Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after purchasing an additional 2,662,379 shares during the period. Pictet Asset Management Holding SA raised its stake in Informatica by 52.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock valued at $184,804,000 after buying an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock valued at $281,199,000 after buying an additional 2,409,023 shares during the period. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Informatica in the 4th quarter worth $36,236,000. Hedge funds and other institutional investors 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.