Informatica Inc. (NYSE:INFA) EVP Ansa Sekharan Sells 99,348 Shares

Informatica Inc. (NYSE:INFA - Get Free Report) EVP Ansa Sekharan sold 99,348 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the completion of the sale, the executive vice president now owns 391,959 shares in the company, valued at approximately $9,465,809.85. The trade was a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Informatica Trading Up 0.2%

Informatica stock traded up $0.05 during mid-day trading on Thursday, hitting $24.13. 5,736,506 shares of the stock were exchanged, compared to its average volume of 2,654,965. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $31.65. The firm's fifty day simple moving average is $20.02 and its two-hundred day simple moving average is $22.00. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 804.60, a PEG ratio of 4.44 and a beta of 1.17.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. During the same quarter last year, the business earned $0.22 EPS. The company's revenue was up 3.9% compared to the same quarter last year. Analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INFA. Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada set a $25.00 price target on shares of Informatica in a research note on Wednesday, May 28th. Wedbush downgraded shares of Informatica to a "neutral" rating in a research note on Friday, February 14th. The Goldman Sachs Group raised their price target on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Scotiabank raised their price objective on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Sixteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $24.46.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Informatica by 13.8% during the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after purchasing an additional 1,591,037 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Informatica by 28.6% in the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after acquiring an additional 2,409,023 shares in the last quarter. FIL Ltd increased its stake in shares of Informatica by 0.9% in the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock valued at $270,949,000 after acquiring an additional 93,685 shares in the last quarter. FMR LLC increased its stake in shares of Informatica by 126,639.2% in the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after acquiring an additional 10,361,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Informatica by 16.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after acquiring an additional 1,168,158 shares in the last quarter. 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.