Informatica (NYSE:INFA) Cut to "Hold" at Wolfe Research

Wolfe Research downgraded shares of Informatica (NYSE:INFA - Free Report) from a strong-buy rating to a hold rating in a report issued on Wednesday, MarketBeat.com reports.

Other research analysts have also recently issued research reports about the stock. DA Davidson lowered their target price on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Truist Financial reissued a "buy" rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. UBS Group upped their price target on shares of Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Scotiabank increased their target price on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Finally, Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Sixteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $24.46.

Informatica Price Performance

Shares of INFA traded down $0.21 during mid-day trading on Wednesday, reaching $24.08. 5,107,816 shares of the stock traded hands, compared to its average volume of 2,564,085. The firm has a fifty day moving average price of $18.74 and a 200 day moving average price of $22.10. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 802.87, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica has a 1 year low of $15.65 and a 1 year high of $31.65.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The business had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. During the same period in the prior year, the business posted $0.22 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts predict that Informatica will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 116,199 shares of the company'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 completion of the sale, the executive vice president now directly owns 382,005 shares of the company's stock, valued at approximately $9,168,120. This represents a 23.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 150,934 shares of company stock worth $3,432,603 over the last 90 days. Insiders own 48.10% of the company's stock.

Hedge Funds Weigh In On Informatica

A number of large investors have recently made changes to their positions in INFA. Parallel Advisors LLC boosted its position 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. Versant Capital Management Inc boosted its holdings in Informatica by 7,053.8% in the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after acquiring an additional 1,834 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Informatica during the fourth quarter worth about $43,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Informatica by 1,545.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock worth $49,000 after buying an additional 2,642 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Informatica by 126.1% during the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock worth $52,000 after purchasing an additional 1,660 shares during the period. Institutional investors and hedge funds 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.