Informatica's (INFA) Buy Rating Reiterated at Guggenheim

Informatica (NYSE:INFA - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Guggenheim in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $37.00 target price on the technology company's stock. Guggenheim's price objective points to a potential upside of 17.87% from the company's previous close.

A number of other research analysts have also recently weighed in on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $41.00 price objective on shares of Informatica in a research report on Monday, April 15th. Robert W. Baird assumed coverage on Informatica in a research report on Tuesday, April 2nd. They set an "outperform" rating and a $43.00 price objective on the stock. Wells Fargo & Company lowered their price target on Informatica from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday. UBS Group boosted their price target on Informatica from $27.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Finally, Citigroup boosted their price target on Informatica from $28.00 to $33.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.45.

Informatica Stock Performance

NYSE:INFA traded down $0.10 on Tuesday, hitting $31.39. The stock had a trading volume of 2,935,425 shares, compared to its average volume of 1,803,627. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of -67.78, a price-to-earnings-growth ratio of 7.49 and a beta of 1.08. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82. The business's 50-day simple moving average is $34.24 and its two-hundred day simple moving average is $28.92. Informatica has a 52-week low of $13.29 and a 52-week high of $39.80.

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 the consensus estimate of $0.18 by ($0.01). The firm had revenue of $445.18 million during the quarter, compared to analysts' expectations of $431.51 million. Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. As a group, research analysts predict that Informatica will post 0.56 earnings per share for the current year.

Insider Activity

In other news, CAO Mark Pellowski sold 10,026 shares of the business'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 transaction of $356,023.26. Following the transaction, the chief accounting officer now owns 150,937 shares of the company's stock, valued at approximately $5,359,772.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Mark Pellowski sold 10,026 shares of the business'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 transaction of $356,023.26. Following the transaction, the chief accounting officer now owns 150,937 shares of the company's stock, valued at approximately $5,359,772.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Arthur Schweitzer sold 5,952 shares of the business'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 transaction, the executive vice president now directly owns 490,902 shares in the company, valued at approximately $16,626,850.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,600 shares of company stock valued at $8,259,201. 53.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Informatica

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in Informatica by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company's stock valued at $275,966,000 after acquiring an additional 883,642 shares during the period. Vanguard Group Inc. boosted its holdings in Informatica by 26.1% during the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company's stock valued at $150,698,000 after acquiring an additional 1,098,246 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Informatica by 78,094.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company's stock valued at $44,473,000 after acquiring an additional 1,269,034 shares during the period. Kennedy Capital Management LLC boosted its holdings in Informatica by 32.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company's stock valued at $25,525,000 after acquiring an additional 297,289 shares during the period. Finally, Shannon River Fund Management LLC boosted its holdings in Informatica by 10.4% during the 4th quarter. Shannon River Fund Management LLC now owns 894,928 shares of the technology company's stock valued at $25,407,000 after acquiring an additional 84,537 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

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.