Informatica (NYSE:INFA) Sees Unusually-High Trading Volume - Here's What Happened

Informatica Inc. (NYSE:INFA - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 10,444,531 shares were traded during mid-day trading, an increase of 178% from the previous session's volume of 3,763,213 shares.The stock last traded at $24.48 and had previously closed at $24.21.

Analyst Upgrades and Downgrades

Several research analysts have commented on INFA shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $25.00 price target (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. DA Davidson lowered their price objective on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. UBS Group lifted their price target on Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Robert W. Baird boosted their target price on Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Finally, Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and boosted their target price for the stock from $24.00 to $25.00 in a research report on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $24.46.

Informatica Stock Down 0.1%

The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $7.42 billion, a P/E ratio of -2,451,000.00, a P/E/G ratio of 5.93 and a beta of 1.15. The company has a 50 day simple moving average of $23.29 and a two-hundred day simple moving average of $21.55.

Informatica (NYSE:INFA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The firm had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. Informatica had a net margin of 0.12% and a return on equity of 5.89%. Informatica's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. On average, equities analysts predict that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at Informatica

In related news, EVP Ansa Sekharan sold 99,348 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $24.15, for a total value of $2,399,254.20. Following the completion of the sale, the executive vice president directly owned 391,959 shares of the company's stock, valued at $9,465,809.85. This represents a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 48,929 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 362,637 shares of the company's stock, valued at approximately $8,783,068.14. This trade 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 287,708 shares of company stock valued at $6,807,793. Corporate insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Informatica

A number of large investors have recently modified their holdings of INFA. Public Employees Retirement System of Ohio lifted its holdings in Informatica by 30.9% in the second quarter. Public Employees Retirement System of Ohio now owns 32,543 shares of the technology company's stock valued at $792,000 after acquiring an additional 7,689 shares during the period. Norden Group LLC acquired a new position in Informatica during the second quarter worth about $254,000. Voya Investment Management LLC grew its holdings in Informatica by 83.7% in the 1st quarter. Voya Investment Management LLC now owns 470,932 shares of the technology company's stock valued at $8,218,000 after buying an additional 214,605 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Informatica by 45.3% in 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 valued at $3,868,000 after buying an additional 69,150 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in Informatica in the 1st quarter valued at $341,000. 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.