Informatica (NYSE:INFA) Announces Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Informatica reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.03, while its revenue reached $407.34 million, surpassing analyst estimates.
• Insider selling was notable, with two executives collectively disposing of over 215,000 shares of company stock, indicating a potential decrease in confidence among company insiders.
• JPMorgan Chase & Co. and other analysts currently maintain a "neutral" rating on Informatica with a consensus target price of $23.67, reflecting cautious outlooks amid recent earnings performance.

Informatica (NYSE:INFA - Get Free Report) posted its quarterly earnings data on Wednesday. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03), Briefing.com reports. The firm had revenue of $407.34 million during the quarter, compared to analyst estimates of $401.76 million. Informatica had a negative net margin of 0.45% and a positive return on equity of 4.67%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS.

Informatica Trading Up 0.1%

INFA traded up $0.02 during trading on Tuesday, hitting $24.71. 321,669 shares of the company's stock were exchanged, compared to its average volume of 3,952,275. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.78. Informatica has a 1 year low of $15.65 and a 1 year high of $28.14. The stock has a 50 day moving average price of $24.37 and a 200 day moving average price of $21.48. The firm has a market cap of $7.48 billion, a P/E ratio of -617.63, a price-to-earnings-growth ratio of 6.14 and a beta of 1.15.

Analyst Ratings Changes

INFA has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $25.00 price objective (up previously from $24.00) on shares of Informatica in a research report on Wednesday, May 28th. DA Davidson lowered their target price on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Scotiabank boosted their target price 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. UBS Group boosted their target price on shares of Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada set a $25.00 target price on shares of Informatica in a report on Wednesday, May 28th. Sixteen equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $23.67.

Insider Activity at Informatica

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of the business'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 directly owned 391,959 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 48,929 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $24.22, for a total transaction of $1,185,060.38. Following the sale, the executive vice president owned 362,637 shares of the company's stock, valued at approximately $8,783,068.14. This represents a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 276,205 shares of company stock valued at $6,600,164. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Informatica

A hedge fund recently raised its stake in Informatica stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 45.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 221,687 shares of the technology company's stock after purchasing an additional 69,150 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.07% of Informatica worth $3,868,000 at the end of the most recent reporting period. 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.