Informatica Inc. (NYSE:INFA) CAO Sells $356,023.26 in Stock

Informatica Inc. (NYSE:INFA - Get Free Report) CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Monday, April 15th. The shares were 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 $5,359,772.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mark Pellowski also recently made the following trade(s):

• On Thursday, March 7th, Mark Pellowski sold 10,026 shares of Informatica stock. The shares were sold at an average price of $32.04, for a total value of $321,233.04.

Informatica Stock Performance

Shares of INFA stock traded down $0.32 on Wednesday, reaching $34.70. 1,817,132 shares of the company were exchanged, compared to its average volume of 1,674,932. The company has a 50-day moving average of $33.99 and a 200-day moving average of $28.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. Informatica Inc. has a one year low of $13.29 and a one year high of $39.80.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $431.51 million. As a group, equities analysts anticipate that Informatica Inc. will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on INFA shares. JPMorgan Chase & Co. upped their price target on shares of Informatica from $33.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $41.00 price target on shares of Informatica in a research report on Monday. The Goldman Sachs Group raised shares of Informatica from a "neutral" rating to a "buy" rating and upped their price target for the company from $26.00 to $44.00 in a research report on Friday, February 16th. UBS Group upped their price target on shares of Informatica from $27.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Finally, Citigroup upped their price target on shares of Informatica from $28.00 to $33.00 and gave the company a "neutral" rating in a research report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Informatica currently has a consensus rating of "Hold" and a consensus target price of $34.78.

Hedge Funds Weigh In On Informatica

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in Informatica by 3.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,560 shares of the technology company's stock valued at $324,000 after acquiring an additional 559 shares in the last quarter. Victory Capital Management Inc. increased its stake in Informatica by 4.7% in the 3rd quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company's stock valued at $265,000 after buying an additional 562 shares during the last quarter. US Bancorp DE increased its stake in Informatica by 23.2% in the 4th quarter. US Bancorp DE now owns 3,711 shares of the technology company's stock valued at $105,000 after buying an additional 698 shares during the last quarter. Legal & General Group Plc increased its stake in Informatica by 5.8% in the 4th quarter. Legal & General Group Plc now owns 12,880 shares of the technology company's stock valued at $210,000 after buying an additional 707 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Informatica by 4.7% in the 4th quarter. Handelsbanken Fonder AB now owns 17,864 shares of the technology company's stock valued at $507,000 after buying an additional 800 shares during the last quarter. 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.

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