Insider Selling: Informatica Inc. (NYSE:INFA) EVP Sells 48,929 Shares of Stock

Informatica Inc. (NYSE:INFA - Get Free Report) EVP John Arthur Schweitzer sold 48,929 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $24.22, for a total value of $1,185,060.38. Following the transaction, the executive vice president owned 362,637 shares in the company, valued at approximately $8,783,068.14. This trade represents a 11.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

John Arthur Schweitzer also recently made the following trade(s):

• On Friday, May 23rd, John Arthur Schweitzer sold 116,199 shares of Informatica stock. The stock was sold at an average price of $24.00, for a total transaction of $2,788,776.00.
• On Thursday, May 15th, John Arthur Schweitzer sold 11,729 shares of Informatica stock. The shares were sold at an average price of $19.36, for a total value of $227,073.44.
• On Wednesday, April 23rd, John Arthur Schweitzer sold 11,503 shares of Informatica stock. The stock was sold at an average price of $18.05, for a total transaction of $207,629.15.

Informatica Trading Up 0.2%

INFA stock traded up $0.06 on Thursday, reaching $24.54. The company's stock had a trading volume of 16,539,142 shares, compared to its average volume of 2,997,430. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.92 and a current ratio of 1.92. The business has a fifty day simple moving average of $23.18 and a two-hundred day simple moving average of $21.59. The firm has a market cap of $7.42 billion, a PE ratio of -2,453,500.00, a PEG ratio of 5.93 and a beta of 1.15. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $28.14.

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, meeting analysts' consensus estimates of $0.22. The company had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. Informatica had a return on equity of 5.89% and a net margin of 0.12%. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. As a group, research analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on INFA. The Goldman Sachs Group lifted their price objective on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Robert W. Baird raised their price target on Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and boosted their price objective for the company from $24.00 to $25.00 in a research note on Wednesday, May 28th. Scotiabank increased their price objective on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada set a $25.00 target price on Informatica in a report on Wednesday, May 28th. Sixteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $24.46.

Institutional Investors Weigh In On Informatica

A number of hedge funds have recently added to or reduced their stakes in INFA. FMR LLC increased 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 worth $268,889,000 after buying an additional 10,361,617 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Informatica by 52.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock worth $184,804,000 after acquiring an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. raised its holdings in Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after buying an additional 2,409,023 shares during the period. Sunriver Management LLC bought a new stake in shares of Informatica in the 1st quarter worth about $30,108,000. Finally, Wellington Management Group LLP boosted its position in shares of Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after buying an additional 1,591,037 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

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