Informatica (NYSE:INFA) EVP John Arthur Schweitzer Sells 49,104 Shares

Key Points

• John Arthur Schweitzer, Executive Vice President of Informatica, sold 49,104 shares of the company's stock on August 15th for a total of $1,213,850.88, marking a 12.23% decrease in his ownership.
• Informatica reported a quarterly earnings per share of $0.18, missing analysts' expectations of $0.21, despite a revenue increase to $407.34 million.
• Institutional investors hold a significant position in Informatica, owning 98.45% of the company's stock, with notable purchases recently made by Hudson Bay Capital Management and Norges Bank.

Informatica Inc. (NYSE:INFA - Get Free Report) 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 sale, the executive vice president directly owned 352,266 shares in the company, valued at $8,708,015.52. This trade represents a 12.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, July 15th, John Arthur Schweitzer sold 48,929 shares of Informatica stock. The stock was sold at an average price of $24.22, for a total transaction of $1,185,060.38.
• 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.

Informatica Price Performance

NYSE:INFA traded up $0.0250 during trading hours on Friday, hitting $24.7450. The stock had a trading volume of 2,630,963 shares, compared to its average volume of 2,434,473. The company has a 50 day simple moving average of $24.48 and a two-hundred day simple moving average of $21.45. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of -618.63, a P/E/G ratio of 6.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01. Informatica Inc. has a one year low of $15.65 and a one year 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 the consensus estimate of $0.21 by ($0.03). The firm had revenue of $407.34 million during the quarter, compared to the consensus estimate of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. Research analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INFA. Wolfe Research downgraded Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Guggenheim lowered shares of Informatica from a "buy" rating to a "neutral" rating and set a $27.00 target price for the company. in a research report on Wednesday, August 6th. Wells Fargo & Company boosted their price target on shares of Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. Truist Financial cut shares of Informatica from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from $24.00 to $25.00 in a research note on Wednesday, May 28th. Finally, Scotiabank boosted their price target on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Sixteen equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $23.67.

Hedge Funds Weigh In On Informatica

Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank lifted its stake in Informatica by 11.9% in the second quarter. Amalgamated Bank now owns 4,577 shares of the technology company's stock worth $111,000 after purchasing an additional 488 shares during the last quarter. Cooper Financial Group lifted its stake in shares of Informatica by 3.0% in the 1st quarter. Cooper Financial Group now owns 24,954 shares of the technology company's stock valued at $435,000 after acquiring an additional 718 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in shares of Informatica by 51.5% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock valued at $44,000 after acquiring an additional 862 shares during the last quarter. L. Roy Papp & Associates LLP boosted its holdings in Informatica by 1.9% during the 1st quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock valued at $889,000 after acquiring an additional 961 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after acquiring an additional 1,216 shares during the period. Institutional investors 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.