Informatica (NYSE:INFA) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Informatica (NYSE:INFA) in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a $35.00 target price on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group lowered their target price on Informatica from $44.00 to $38.00 and set a buy rating for the company in a report on Wednesday. Citigroup lowered their target price on Informatica from $35.00 to $28.00 and set a neutral rating for the company in a report on Tuesday. Guggenheim reaffirmed a buy rating and issued a $37.00 target price on shares of Informatica in a report on Tuesday, June 25th. Wells Fargo & Company lowered their target price on Informatica from $45.00 to $40.00 and set an overweight rating for the company in a report on Tuesday, April 23rd. Finally, Robert W. Baird lowered their target price on Informatica from $43.00 to $35.00 and set an outperform rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $31.55.

Informatica Trading Down 0.5 %

Informatica stock opened at $23.95 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.90. Informatica has a 52 week low of $18.18 and a 52 week high of $39.80. The stock has a fifty day moving average of $28.47 and a 200-day moving average of $31.06.

Informatica (NYSE:INFA) last posted its quarterly 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). Informatica had a return on equity of 6.27% and a net margin of 9.60%. The business had revenue of $388.61 million for the quarter, compared to analyst estimates of $384.97 million. Equities research analysts forecast that Informatica will post 0.52 EPS for the current fiscal year.

Insider Activity at Informatica

In other Informatica news, EVP Ansa Sekharan sold 95,601 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total value of $2,730,364.56. Following the transaction, the executive vice president now owns 509,381 shares in the company, valued at $14,547,921.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the sale, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ansa Sekharan sold 95,601 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total value of $2,730,364.56. Following the completion of the sale, the executive vice president now directly owns 509,381 shares of the company’s stock, valued at $14,547,921.36. The disclosure for this sale can be found here. Insiders have sold a total of 170,128 shares of company stock worth $4,826,124 in the last 90 days. Corporate insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new stake in shares of Informatica during the second quarter valued at approximately $32,000. GAMMA Investing LLC purchased a new stake in shares of Informatica during the fourth quarter valued at approximately $39,000. ORG Partners LLC purchased a new stake in shares of Informatica during the first quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Informatica during the fourth quarter valued at approximately $46,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Informatica during the second quarter valued at approximately $46,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.