Informatica (NYSE:INFA) Shares Gap Down to $38.48

Shares of Informatica Inc. (NYSE:INFA - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $38.48, but opened at $37.50. Informatica shares last traded at $37.10, with a volume of 1,944,574 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Informatica from $27.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price target on shares of Informatica from $33.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, February 15th. The Goldman Sachs Group upgraded shares of Informatica from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $26.00 to $44.00 in a report on Friday, February 16th. Robert W. Baird began coverage on shares of Informatica in a report on Tuesday, April 2nd. They set an "outperform" rating and a $43.00 price target for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $41.00 price target on shares of Informatica in a report on Monday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $34.78.

Informatica Stock Performance

The firm's fifty day moving average price is $33.89 and its 200-day moving average price is $28.45. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of -78.22, a PEG ratio of 8.19 and a beta of 1.08.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The business had revenue of $445.18 million during the quarter, compared to analysts' expectations of $431.51 million. Analysts expect that Informatica Inc. will post 0.56 earnings per share for the current year.

Insider Activity at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the sale, the chief accounting officer now owns 150,937 shares in the company, valued at approximately $4,836,021.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the completion of the transaction, the chief accounting officer now owns 150,937 shares in the company, valued at approximately $4,836,021.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 65,709 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $2,105,316.36. Following the transaction, the executive vice president now owns 496,854 shares of the company's stock, valued at approximately $15,919,202.16. The disclosure for this sale can be found here. Insiders sold a total of 167,683 shares of company stock worth $5,564,047 in the last 90 days. 53.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Informatica

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC acquired a new position in shares of Informatica during the 1st quarter worth $264,000. Renaissance Capital LLC grew its stake in shares of Informatica by 5.1% during the 1st quarter. Renaissance Capital LLC now owns 28,526 shares of the technology company's stock worth $998,000 after purchasing an additional 1,373 shares during the period. CWM LLC grew its stake in shares of Informatica by 8,977.1% during the 1st quarter. CWM LLC now owns 10,711 shares of the technology company's stock worth $375,000 after purchasing an additional 10,593 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Informatica during the 4th quarter worth $757,000. Finally, Vanguard Group Inc. grew its stake in shares of Informatica by 26.1% during the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company's stock worth $150,698,000 after purchasing an additional 1,098,246 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

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.