Informatica (NYSE:INFA) Downgraded by Truist Financial to Hold

Truist Financial cut shares of Informatica (NYSE:INFA - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have $25.00 price target on the technology company's stock, up from their previous price target of $24.00.

Other analysts have also issued research reports about the stock. Wedbush lowered shares of Informatica to a "neutral" rating in a research report on Friday, February 14th. DA Davidson cut their target price on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Robert W. Baird restated a "neutral" rating and set a $19.00 price target (down from $35.00) on shares of Informatica in a research report on Friday, February 14th. Wolfe Research cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, Bank of America downgraded Informatica from a "buy" rating to a "neutral" rating in a research report 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 data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $24.46.

Informatica Stock Down 0.2%

NYSE INFA traded down $0.05 on Wednesday, reaching $24.05. The company had a trading volume of 4,479,818 shares, compared to its average volume of 2,580,063. 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's fifty day moving average is $18.85 and its 200 day moving average is $22.08. Informatica has a 52-week low of $15.65 and a 52-week high of $31.65. The stock has a market capitalization of $7.28 billion, a P/E ratio of 801.93, a P/E/G ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (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 during the quarter, compared to analyst estimates of $392.14 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business's revenue was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that Informatica will post 0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 150,934 shares of company stock valued at $3,432,603 in the last quarter. Insiders own 48.10% of the company's stock.

Institutional Investors Weigh In On Informatica

Large investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Informatica by 45.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 221,687 shares of the technology company's stock worth $3,868,000 after acquiring an additional 69,150 shares during the period. Woodline Partners LP purchased a new stake in shares of Informatica in the 1st quarter worth about $341,000. Clearline Capital LP boosted its stake in shares of Informatica by 529.7% during the 1st quarter. Clearline Capital LP now owns 184,944 shares of the technology company's stock valued at $3,227,000 after purchasing an additional 155,572 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Informatica by 37.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 398,724 shares of the technology company's stock valued at $6,961,000 after purchasing an additional 108,045 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Informatica during the first quarter valued at about $2,141,000. 98.45% of the stock is currently owned by institutional investors.

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.