Informatica (NYSE:INFA) Sees Strong Trading Volume Following Analyst Upgrade

Informatica Inc. (NYSE:INFA - Get Free Report) shares saw 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. 1,965,639 shares were traded during 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.

INFA has been the subject of a number of other research reports. Wedbush cut shares of Informatica to a "neutral" rating in a report on Friday, February 14th. 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 report on Wednesday. Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Guggenheim reaffirmed a "buy" rating and set a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Finally, DA Davidson reduced their target price on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Sixteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Informatica currently has a consensus rating of "Hold" and an average target price of $24.46.

Insider Activity at Informatica

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

Hedge Funds Weigh In On Informatica

A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake 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 purchasing an additional 1,216 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Informatica during the fourth quarter worth about $43,000. Versant Capital Management Inc increased its position in Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock worth $32,000 after buying an additional 1,834 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after buying an additional 667 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Informatica by 1,545.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock valued at $49,000 after buying an additional 2,642 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a 50-day moving average price of $18.85 and a 200-day moving average price of $22.08. The company has a market capitalization 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 posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $403.90 million for the quarter, compared to analysts' expectations of $392.14 million. During the same quarter last year, the business earned $0.22 EPS. The company's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current year.

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.