Informatica (NYSE:INFA) Shares Gap Up on Analyst Upgrade

Informatica Inc. (NYSE:INFA - Get Free Report) gapped up prior to trading on Tuesday after Robert W. Baird raised their price target on the stock from $19.00 to $25.00. The stock had previously closed at $22.55, but opened at $23.83. Robert W. Baird currently has a neutral rating on the stock. Informatica shares last traded at $23.78, with a volume of 20,540,537 shares.

A number of other research analysts also recently commented on INFA. Royal Bank of Canada reiterated a "sector perform" rating and set a $22.00 price objective (up from $19.00) on shares of Informatica in a research note on Tuesday. Baird R W cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. DA Davidson decreased their price target on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Guggenheim restated a "buy" rating and set a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Finally, Wolfe Research lowered Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Sixteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Informatica presently has an average rating of "Hold" and a consensus price target of $24.46.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the sale, the executive vice president now owns 416,410 shares of the company's stock, valued at $7,516,200.50. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders sold 150,934 shares of company stock worth $3,432,603. Company insiders own 48.10% of the company's stock.

Hedge Funds Weigh In On Informatica

Several large investors have recently bought and sold shares of the stock. Amalgamated Bank boosted its holdings in shares of Informatica by 16.9% in the first quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock valued at $71,000 after acquiring an additional 591 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 worth $66,000 after purchasing an additional 667 shares during the period. Cooper Financial Group boosted its stake in Informatica by 3.0% during the 1st quarter. Cooper Financial Group now owns 24,954 shares of the technology company's stock valued at $435,000 after purchasing an additional 718 shares in the last quarter. New Age Alpha Advisors LLC increased its position in shares of Informatica by 51.5% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock valued at $44,000 after purchasing an additional 862 shares during the period. Finally, L. Roy Papp & Associates LLP raised its stake in shares of Informatica by 1.9% in the 1st quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock worth $889,000 after buying an additional 961 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Informatica Stock Down 0.9%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market cap of $7.29 billion, a P/E ratio of 802.87, a P/E/G ratio of 4.44 and a beta of 1.04. The stock has a 50 day moving average price of $18.74 and a 200 day moving average price of $22.10.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $403.90 million for the quarter, compared to analysts' expectations of $392.14 million. During the same period in the previous year, the business earned $0.22 earnings per share. Informatica's revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal 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.