Traders Buy Large Volume of Informatica Call Options (NYSE:INFA)

Informatica Inc. (NYSE:INFA - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 9,021 call options on the stock. This is an increase of 330% compared to the typical volume of 2,097 call options.

Analyst Ratings Changes

INFA has been the subject of a number of research reports. Wolfe Research cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday. UBS Group upped their target price on shares of Informatica from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company upped their price target on shares of Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Truist Financial lowered shares of Informatica from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $24.00 to $25.00 in a research report on Wednesday. Finally, Scotiabank upped their price target on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Sixteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $24.46.

Insider Activity

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 shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the sale, the executive vice president now directly owns 416,410 shares of the company's stock, valued at approximately $7,516,200.50. This represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 150,934 shares of company stock valued at $3,432,603 over the last three months. Insiders own 48.10% of the company's stock.

Institutional Trading of Informatica

A number of large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in shares of 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 last quarter. New Age Alpha Advisors LLC purchased a new stake in Informatica during the fourth quarter valued at $43,000. Versant Capital Management Inc raised its stake in Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after purchasing an additional 1,834 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after purchasing an additional 667 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Informatica by 1,545.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock worth $49,000 after buying an additional 2,642 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Informatica Price Performance

NYSE INFA traded down $0.05 on Friday, reaching $24.05. The company had a trading volume of 4,479,818 shares, compared to its average volume of 2,576,770. The stock has a market capitalization of $7.28 billion, a PE ratio of 801.93, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica has a 12 month low of $15.65 and a 12 month high of $31.65. 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 firm's 50 day moving average price is $18.85 and its 200 day moving average price is $22.10.

Informatica (NYSE:INFA - Get Free Report) last issued 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. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. During the same quarter last year, the business posted $0.22 earnings per share. The business's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Informatica will post 0.63 earnings per share for the current year.

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.