Informatica (NYSE:INFA) Price Target Lowered to $36.00 at Deutsche Bank Aktiengesellschaft

Informatica (NYSE:INFA) had its price target reduced by Deutsche Bank Aktiengesellschaft from $39.00 to $36.00 in a research report released on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the technology company’s stock.

INFA has been the subject of a number of other research reports. Citigroup dropped their price target on Informatica from $35.00 to $28.00 and set a neutral rating for the company in a research note on Tuesday. Guggenheim reissued a buy rating and set a $37.00 price objective on shares of Informatica in a report on Tuesday, June 25th. The Goldman Sachs Group reduced their price objective on Informatica from $44.00 to $38.00 and set a buy rating for the company in a research note on Wednesday. Scotiabank lowered their price target on shares of Informatica from $33.00 to $27.00 and set a sector perform rating on the stock in a report on Wednesday. Finally, Robert W. Baird dropped their price target on Informatica from $43.00 to $35.00 and set an outperform rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $31.92.

Informatica Price Performance

Shares of INFA traded down $0.56 during trading hours on Thursday, reaching $23.98. 909,281 shares of the company’s stock traded hands, compared to its average volume of 1,725,953. 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 has a 12 month low of $18.71 and a 12 month high of $39.80. The stock has a market cap of $7.08 billion, a PE ratio of -1,227.50, a price-to-earnings-growth ratio of 5.96 and a beta of 1.06. The firm’s 50 day simple moving average is $28.24 and its 200-day simple moving average is $30.96.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $388.61 million during the quarter, compared to analysts’ expectations of $384.97 million. Informatica had a return on equity of 6.27% and a net margin of 9.60%. Equities analysts expect that Informatica will post 0.52 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction 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 approximately $4,072,342.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now owns 146,804 shares in the company, valued at approximately $4,072,342.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ansa Sekharan sold 95,601 shares of the company’s stock in a transaction dated 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 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 170,128 shares of company stock valued at $4,826,124 over the last ninety days. Company insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

A number of hedge funds have recently added to or reduced their stakes in INFA. Fiera Capital Corp raised its stake in shares of Informatica by 439.2% during the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock worth $48,006,000 after buying an additional 1,266,265 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Informatica by 20.0% during the 2nd quarter. Rhumbline Advisers now owns 55,816 shares of the technology company’s stock worth $1,724,000 after purchasing an additional 9,321 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Informatica in the 2nd quarter valued at about $216,000. Natixis Advisors LLC acquired a new stake in shares of Informatica in the second quarter valued at about $839,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Informatica during the second quarter worth about $220,000. 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.