Informatica (NYSE:INFA) Stock Rating Reaffirmed by Royal Bank of Canada

Informatica (NYSE:INFA - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Royal Bank of Canada in a research note issued on Monday, Benzinga reports. They currently have a $41.00 target price on the technology company's stock. Royal Bank of Canada's price objective suggests a potential upside of 13.95% from the stock's previous close.

A number of other equities research analysts have also recently commented on the company. UBS Group increased their target price on Informatica from $27.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Citigroup lifted their price objective on Informatica from $28.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. The Goldman Sachs Group raised shares of Informatica from a "neutral" rating to a "buy" rating and boosted their target price for the company from $26.00 to $44.00 in a research note on Friday, February 16th. Robert W. Baird began coverage on shares of Informatica in a research note on Tuesday, April 2nd. They set an "outperform" rating and a $43.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective 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. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $34.78.

Informatica Price Performance

Shares of INFA stock traded down $2.50 during mid-day trading on Monday, reaching $35.98. The stock had a trading volume of 9,124,626 shares, compared to its average volume of 1,637,193. The company has a market cap of $10.62 billion, a P/E ratio of -78.22, a price-to-earnings-growth ratio of 8.19 and a beta of 1.08. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. Informatica has a 12-month low of $13.29 and a 12-month high of $39.80. The business has a 50-day simple moving average of $33.89 and a 200 day simple moving average of $28.45.

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

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 5,952 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $33.87, for a total transaction of $201,594.24. Following the completion of the sale, the executive vice president now owns 490,902 shares of the company's stock, valued at approximately $16,626,850.74. The transaction was disclosed in a 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 dated 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 transaction, the chief accounting officer now directly owns 150,937 shares of the company's stock, valued at approximately $4,836,021.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 5,952 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $33.87, for a total value of $201,594.24. Following the sale, the executive vice president now owns 490,902 shares of the company's stock, valued at approximately $16,626,850.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,683 shares of company stock worth $5,564,047. 53.90% of the stock is owned by company insiders.

Institutional Trading of Informatica

Several institutional investors have recently added to or reduced their stakes in INFA. GAMMA Investing LLC acquired a new stake in shares of Informatica during the fourth quarter worth $39,000. State of Wyoming acquired a new stake in shares of Informatica during the 4th quarter worth approximately $25,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Informatica during the 4th quarter worth approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Informatica in the 2nd quarter worth approximately $36,000. Finally, MetLife Investment Management LLC acquired a new position in Informatica during the 1st quarter valued at approximately $34,000. 98.45% of the stock is owned by institutional investors and hedge funds.

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.