Informatica Inc. (NYSE:INFA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Informatica Inc. (NYSE:INFA) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $34.78.

A number of equities research analysts recently weighed in on INFA shares. Robert W. Baird assumed coverage on shares of Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Citigroup raised 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. UBS Group upped their price objective on Informatica from $27.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $41.00 target price on shares of Informatica in a research note on Monday.

Informatica Stock Down 2.7 %

NYSE:INFA opened at $35.01 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of -76.11, a price-to-earnings-growth ratio of 8.19 and a beta of 1.08. Informatica has a one year low of $13.29 and a one year high of $39.80. The stock has a 50-day simple moving average of $33.99 and a 200 day simple moving average of $28.55.

Informatica (NYSE:INFA) last issued its 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). The firm had revenue of $445.18 million during 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%. Sell-side analysts predict that Informatica will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling at Informatica

In related news, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the transaction, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at $86,647,149.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP John Arthur Schweitzer sold 5,952 shares of Informatica stock in a transaction 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 transaction, the executive vice president now directly owns 490,902 shares in the company, valued at approximately $16,626,850.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amit Walia sold 85,996 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $34.14, for a total value of $2,935,903.44. Following the sale, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at $86,647,149.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,683 shares of company stock valued at $5,564,047. 53.90% of the stock is owned by corporate insiders.

Institutional Trading of Informatica

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming purchased a new position in shares of Informatica in the fourth quarter worth approximately $25,000. MetLife Investment Management LLC acquired a new stake in Informatica during the 1st quarter valued at $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Informatica in the second quarter valued at $36,000. GAMMA Investing LLC acquired a new stake in shares of Informatica in the fourth quarter worth $39,000. Finally, First Manhattan Co. purchased a new position in shares of Informatica during the first quarter valued at $39,000. Institutional investors and hedge funds 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.