John Arthur Schweitzer Sells 116,199 Shares of Informatica Inc. (NYSE:INFA) Stock

Informatica Inc. (NYSE:INFA - Get Free Report) EVP John Arthur Schweitzer sold 116,199 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $24.00, for a total value of $2,788,776.00. Following the sale, the executive vice president now owns 382,005 shares in the company, valued at $9,168,120. This trade represents a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, May 15th, John Arthur Schweitzer sold 11,729 shares of Informatica stock. The stock was sold at an average price of $19.36, for a total transaction of $227,073.44.
• On Wednesday, April 23rd, John Arthur Schweitzer sold 11,503 shares of Informatica stock. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15.
• On Monday, March 10th, John Arthur Schweitzer sold 11,503 shares of Informatica stock. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54.

Informatica Trading Down 0.2%

Shares of INFA stock traded down $0.05 during mid-day trading on Friday, reaching $24.05. The company's stock had a trading volume of 4,479,818 shares, compared to its average volume of 2,576,770. The company's 50 day simple moving average is $18.85 and its 200-day simple moving average is $22.10. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $31.65. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $7.28 billion, a PE ratio of 801.93, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

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 for the quarter, compared to the consensus estimate of $392.14 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm's quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts predict that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on INFA. UBS Group boosted their price target on shares of Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Robert W. Baird boosted their price target on shares of Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price for the company. in a report on Friday, February 14th. DA Davidson lowered their price target on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada set a $25.00 target price on shares of Informatica in a research report on Wednesday. Sixteen analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.46.

Institutional Investors Weigh In On Informatica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Informatica by 45.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 221,687 shares of the technology company's stock worth $3,868,000 after buying an additional 69,150 shares during the period. Woodline Partners LP purchased a new stake in Informatica during the 1st quarter worth $341,000. Clearline Capital LP increased its stake in Informatica by 529.7% during the 1st quarter. Clearline Capital LP now owns 184,944 shares of the technology company's stock worth $3,227,000 after buying an additional 155,572 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Informatica by 37.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 398,724 shares of the technology company's stock worth $6,961,000 after purchasing an additional 108,045 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Informatica in the 1st quarter worth about $2,141,000. 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.