Informatica Inc. (NYSE:INFA) Receives $23.67 Consensus Target Price from Analysts

Key Points

• Analysts give Informatica Inc. (NYSE: INFA) a consensus recommendation of "Hold", with an average twelve-month price objective of $23.67.
• Informatica reported earnings of $0.18 per share, missing estimates, but had a revenue of $407.34 million for the quarter, up 1.7% year-over-year.
• Insider activity shows that key executives have sold a total of 431,625 shares in the last 90 days, representing significant decreases in their holdings.

Informatica Inc. (NYSE:INFA - Get Free Report) has been assigned a consensus recommendation of "Hold" from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Sixteen equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $23.6667.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. restated a "neutral" rating and issued a $25.00 target price (up previously from $24.00) on shares of Informatica in a research report on Wednesday, May 28th. Wells Fargo & Company lifted their target price on Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 target price on Informatica in a research report on Wednesday, May 28th. Guggenheim downgraded Informatica from a "buy" rating to a "neutral" rating and set a $27.00 target price on the stock. in a research report on Wednesday, August 6th. Finally, UBS Group lifted their target price on Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th.

Informatica Stock Performance

NYSE INFA remained flat at $24.83 on Wednesday. The company's stock had a trading volume of 4,074,981 shares, compared to its average volume of 2,898,592. The firm has a fifty day simple moving average of $24.71 and a two-hundred day simple moving average of $21.92. The company has a market cap of $7.57 billion, a PE ratio of -620.75, a P/E/G ratio of 6.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01. Informatica has a one year low of $15.65 and a one year high of $28.14.

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

Insider Transactions at Informatica

In other Informatica news, insider Bruce R. Chizen sold 246,590 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $6,147,488.70. Following the sale, the insider owned 368,874 shares in the company, valued at $9,196,028.82. This represents a 40.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Francis R. Santiago sold 16,790 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total value of $416,056.20. Following the sale, the chief accounting officer owned 43,851 shares in the company, valued at approximately $1,086,627.78. This trade represents a 27.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 441,818 shares of company stock worth $10,965,526 over the last quarter. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after acquiring an additional 1,216 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Informatica during the 2nd quarter worth about $31,000. Versant Capital Management Inc boosted its position in shares of Informatica by 7,053.8% during the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock worth $32,000 after acquiring an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC boosted its position in shares of Informatica by 51.5% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock worth $44,000 after acquiring an additional 862 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Informatica by 1,545.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock worth $49,000 after acquiring an additional 2,642 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

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.