Insider Selling: Informatica (NYSE:INFA) EVP Sells 49,104 Shares of Stock

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 firm's 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 approximately $8,708,015.52. This represents a 12.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 value 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 value of $2,788,776.00.

Informatica Stock Up 0.1%

Shares of NYSE INFA traded up $0.0250 during mid-day trading on Friday, reaching $24.7450. 2,630,963 shares of the company's stock were exchanged, compared to its average volume of 2,434,473. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of -618.63, a PEG ratio of 6.67 and a beta of 1.15. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $24.48 and a 200 day simple moving average of $21.45. Informatica Inc. has a twelve month low of $15.65 and a twelve month 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 EPS 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 analyst estimates 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 prior year, the business earned $0.23 EPS. As a group, equities analysts expect that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. UBS Group lifted their target price on Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. The Goldman Sachs Group lifted their target price on Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Wolfe Research lowered Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $25.00 target price (up previously from $24.00) on shares of Informatica in a research report on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $23.67.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in Informatica by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock valued at $2,101,000 after purchasing an additional 10,553 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in Informatica in the fourth quarter valued at approximately $748,000. Squarepoint Ops LLC bought a new position in Informatica in the fourth quarter valued at approximately $2,062,000. Jane Street Group LLC grew its stake in Informatica by 987.2% in the fourth quarter. Jane Street Group LLC now owns 90,240 shares of the technology company's stock valued at $2,340,000 after purchasing an additional 81,940 shares in the last quarter. Finally, State of Wyoming grew its stake in Informatica by 274.2% in the fourth quarter. State of Wyoming now owns 20,581 shares of the technology company's stock valued at $534,000 after purchasing an additional 15,081 shares in the last quarter. 98.45% of the stock is currently owned by 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.