Informatica (NYSE:INFA) Shares Gap Down to $35.19

Shares of Informatica Inc. (NYSE:INFA - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $35.19, but opened at $33.26. Informatica shares last traded at $31.95, with a volume of 3,651,119 shares.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INFA. Citigroup upped their target price on Informatica from $28.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. Robert W. Baird began coverage on Informatica in a report on Tuesday, April 2nd. They set an "outperform" rating and a $43.00 price objective on the stock. The Goldman Sachs Group raised Informatica from a "neutral" rating to a "buy" rating and increased their price objective for the company from $26.00 to $44.00 in a report on Friday, February 16th. JPMorgan Chase & Co. increased their price objective on Informatica from $33.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. Finally, UBS Group increased their price objective on Informatica from $27.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Informatica presently has an average rating of "Hold" and an average price target of $34.78.

Informatica Stock Performance

The firm has a 50 day moving average of $34.24 and a two-hundred day moving average of $28.85. The stock has a market cap of $9.29 billion, a P/E ratio of -68.46, a P/E/G ratio of 7.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66.

Informatica (NYSE:INFA - Get Free Report) last announced its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share 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 for the quarter, compared to the consensus estimate of $431.51 million. On average, research analysts predict that Informatica Inc. will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 5,952 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $33.87, for a total value of $201,594.24. Following the completion of the sale, the executive vice president now owns 490,902 shares in the company, valued at approximately $16,626,850.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Informatica news, EVP John Arthur Schweitzer sold 5,952 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $33.87, for a total value of $201,594.24. Following the completion of the sale, the executive vice president now owns 490,902 shares in the company, valued at approximately $16,626,850.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.51, for a total value of $356,023.26. Following the completion of the sale, the chief accounting officer now owns 150,937 shares of the company's stock, valued at approximately $5,359,772.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,600 shares of company stock worth $8,259,201. 53.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Informatica

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of Informatica by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company's stock worth $275,966,000 after buying an additional 883,642 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Informatica by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company's stock worth $150,698,000 after buying an additional 1,098,246 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Informatica by 78,094.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company's stock worth $44,473,000 after buying an additional 1,269,034 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Informatica by 32.5% in the 3rd quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company's stock worth $25,525,000 after buying an additional 297,289 shares in the last quarter. Finally, Shannon River Fund Management LLC raised its holdings in shares of Informatica by 10.4% in the 4th quarter. Shannon River Fund Management LLC now owns 894,928 shares of the technology company's stock worth $25,407,000 after buying an additional 84,537 shares in the last quarter. 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.