Informatica's (INFA) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• Informatica's stock has been reaffirmed with a "sell (D)" rating by Weiss Ratings, highlighting ongoing concerns from analysts.
• UBS Group has increased Informatica's price target from $21.00 to $25.00, while Guggenheim has downgraded it from "buy" to "neutral" with a new target of $27.00.
• In the most recent earnings report, Informatica posted earnings per share of $0.18, falling short of estimates, while revenue rose by 1.7% year-over-year.

Informatica (NYSE:INFA - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on INFA. UBS Group increased their price target on Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Guggenheim cut Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price target for the company. in a report on Wednesday, August 6th. Sixteen analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $23.67.

Informatica Stock Up 0.2%

Shares of NYSE:INFA opened at $24.92 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The business has a fifty day moving average of $24.80 and a two-hundred day moving average of $22.52. The stock has a market cap of $7.59 billion, a P/E ratio of -623.00, a PEG ratio of 6.70 and a beta of 1.14. Informatica has a 52-week low of $15.65 and a 52-week high of $28.14.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The business had revenue of $407.34 million for the quarter, compared to analysts' expectations of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, research analysts expect that Informatica will post 0.63 earnings per share for the current year.

Insider Transactions at Informatica

In related news, insider Bruce R. Chizen sold 246,590 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $6,147,488.70. Following the transaction, the insider owned 368,874 shares of the company's stock, valued at approximately $9,196,028.82. This represents a 40.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 49,104 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $24.72, for a total value of $1,213,850.88. Following the transaction, the executive vice president directly owned 352,266 shares in the company, valued at approximately $8,708,015.52. The trade was a 12.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 441,818 shares of company stock worth $10,965,526 in the last 90 days. Insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Informatica

A number of hedge funds have recently bought and sold shares of INFA. Hudson Bay Capital Management LP acquired a new stake in Informatica in the 2nd quarter valued at about $121,750,000. Norges Bank acquired a new stake in Informatica in the 2nd quarter valued at about $101,723,000. Nomura Holdings Inc. acquired a new stake in Informatica in the 2nd quarter valued at about $76,572,000. Whitebox Advisors LLC acquired a new stake in Informatica in the 2nd quarter valued at about $49,918,000. Finally, California State Teachers Retirement System raised its position in Informatica by 555.6% in the 2nd quarter. California State Teachers Retirement System now owns 2,332,271 shares of the technology company's stock valued at $56,791,000 after purchasing an additional 1,976,500 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

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.

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