Informatica (NYSE:INFA) Sees Unusually-High Trading Volume After Analyst Upgrade

Informatica Inc. (NYSE:INFA - Get Free Report) saw unusually-strong trading volume on Wednesday after Robert W. Baird raised their price target on the stock from $19.00 to $25.00. Robert W. Baird currently has a neutral rating on the stock. Approximately 1,965,639 shares changed hands during mid-day trading, a decline of 21% from the previous session's volume of 2,501,341 shares.The stock last traded at $24.04 and had previously closed at $23.92.

A number of other analysts have also commented on INFA. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and increased their price objective for the company from $24.00 to $25.00 in a research note on Wednesday. Wells Fargo & Company raised their price target on shares of Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada reissued a "sector perform" rating and set a $22.00 price objective (up previously from $19.00) on shares of Informatica in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price for the company. in a research note on Friday, February 14th. Sixteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.46.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 150,934 shares of company stock worth $3,432,603 in the last quarter. 48.10% of the stock is owned by insiders.

Institutional Trading of Informatica

A number of institutional investors have recently modified their holdings of INFA. Wellington Management Group LLP grew its stake in Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after buying an additional 1,591,037 shares during the period. Vanguard Group Inc. increased its holdings in Informatica by 28.6% in the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after purchasing an additional 2,409,023 shares in the last quarter. FIL Ltd increased its holdings in Informatica by 0.9% in the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock valued at $270,949,000 after purchasing an additional 93,685 shares in the last quarter. FMR LLC raised its position in Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Informatica by 16.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock worth $209,075,000 after purchasing an additional 1,168,158 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Stock Performance

The stock has a 50 day simple moving average of $18.85 and a 200 day simple moving average of $22.10. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 801.93, a PEG ratio of 4.44 and a beta of 1.04.

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