Informatica Inc. (NYSE:INFA) Given Average Rating of "Hold" by Brokerages

Key Points

• Informatica Inc. has received a consensus rating of "Hold" from sixteen analysts, with an average twelve-month price target of $23.67.
• Insider trading activity has included significant stock sales, with EVP John Arthur Schweitzer and EVP Ansa Sekharan selling shares worth over $3.6 million combined.
• Informatica reported a quarterly earnings miss with EPS of $0.18 against an estimate of $0.21, although its revenue increased by 1.7% year-over-year.

Shares of Informatica Inc. (NYSE:INFA - Get Free Report) have earned a consensus rating of "Hold" from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Sixteen equities research analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $23.6667.

A number of analysts recently commented on the stock. Guggenheim cut shares of Informatica from a "buy" rating to a "neutral" rating and set a $27.00 target price for the company. in a research note on Wednesday, August 6th. Wolfe Research lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $25.00 target price (up from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Wells Fargo & Company lifted their price target on shares of Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Finally, Robert W. Baird lifted their price target on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 49,104 shares of Informatica stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.72, for a total transaction of $1,213,850.88. Following the sale, the executive vice president owned 352,266 shares of the company's stock, valued at $8,708,015.52. The trade was a 12.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ansa Sekharan sold 99,348 shares of the business's stock in a transaction dated 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 transaction, the executive vice president directly owned 391,959 shares in the company, valued at approximately $9,465,809.85. The trade was a 20.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,381 shares of company stock worth $4,798,165. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Informatica

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank raised its holdings in Informatica by 11.9% in the 2nd quarter. Amalgamated Bank now owns 4,577 shares of the technology company's stock valued at $111,000 after buying an additional 488 shares during the period. Cooper Financial Group increased its stake in Informatica by 3.0% in the first quarter. Cooper Financial Group now owns 24,954 shares of the technology company's stock valued at $435,000 after purchasing an additional 718 shares during the last quarter. New Age Alpha Advisors LLC increased its stake in Informatica by 51.5% in the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock valued at $44,000 after purchasing an additional 862 shares during the last quarter. L. Roy Papp & Associates LLP boosted its holdings in shares of Informatica by 1.9% in the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock valued at $889,000 after acquiring an additional 961 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after acquiring an additional 1,216 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Informatica Trading Up 0.1%

NYSE INFA opened at $24.7450 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The firm has a market cap of $7.49 billion, a PE ratio of -618.63, a price-to-earnings-growth ratio of 6.66 and a beta of 1.15. The company has a 50 day moving average price of $24.48 and a 200 day moving average price of $21.48. Informatica has a 52 week low of $15.65 and a 52 week high of $28.14.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The firm had revenue of $407.34 million for the quarter, compared to the consensus estimate of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The company's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. As a group, sell-side analysts forecast that Informatica will post 0.63 EPS for the current fiscal year.

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.

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