Informatica (NYSE:INFA) Sees Large Volume Increase

Informatica Inc. (NYSE:INFA) shares saw unusually-strong trading volume on Tuesday . Approximately 1,646,596 shares traded hands during trading, an increase of 1% from the previous session’s volume of 1,629,175 shares.The stock last traded at $26.95 and had previously closed at $27.21.

Analyst Ratings Changes

A number of equities analysts recently weighed in on INFA shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Informatica in a report on Thursday, May 23rd. Robert W. Baird began coverage on shares of Informatica in a research note on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 price target on the stock. Guggenheim restated a “buy” rating and set a $37.00 price objective on shares of Informatica in a research report on Tuesday, June 25th. Finally, Wells Fargo & Company reduced their price target on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, April 23rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.45.

Informatica Trading Down 2.4 %

The company has a market capitalization of $7.84 billion, a PE ratio of -1,316.00, a PEG ratio of 6.97 and a beta of 1.07. The company has a fifty day simple moving average of $29.62 and a 200-day simple moving average of $31.28. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.80.

Informatica (NYSE:INFA) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $388.61 million during the quarter, compared to analysts’ expectations of $384.97 million. Informatica had a net margin of 0.03% and a return on equity of 5.31%. Analysts predict that Informatica Inc. will post 0.52 EPS for the current year.

Insider Activity

In related news, EVP Ansa Sekharan sold 95,601 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the sale, the executive vice president now directly owns 509,381 shares of the company’s stock, valued at approximately $14,547,921.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Large investors have recently bought and sold shares 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 valued at $275,966,000 after purchasing an additional 883,642 shares in the last quarter. Vanguard Group Inc. raised its stake in Informatica by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company’s stock valued at $195,155,000 after buying an additional 267,748 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Informatica in the first quarter valued at $52,045,000. Price T Rowe Associates Inc. MD lifted its stake in Informatica by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,289,958 shares of the technology company’s stock worth $45,149,000 after purchasing an additional 73,655 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Informatica by 78,094.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after purchasing an additional 1,269,034 shares in the last quarter. 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.