Insider Selling: Informatica Inc. (NYSE:INFA) EVP Sells 64,501 Shares of Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 64,501 shares of Informatica stock in a transaction on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the completion of the sale, the executive vice president now directly owns 437,348 shares of the company’s stock, valued at approximately $12,324,466.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Informatica Price Performance

NYSE:INFA traded down $1.08 during trading hours on Wednesday, hitting $25.33. 1,745,052 shares of the stock traded hands, compared to its average volume of 1,668,495. The company has a market cap of $7.47 billion, a price-to-earnings ratio of -1,277.50, a price-to-earnings-growth ratio of 6.78 and a beta of 1.07. Informatica Inc. has a 1 year low of $18.18 and a 1 year high of $39.80. The stock has a 50 day moving average price of $29.55 and a 200 day moving average price of $31.27. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $388.61 million for the quarter, compared to the consensus estimate of $384.97 million. Informatica had a net margin of 0.03% and a return on equity of 5.31%. Sell-side analysts forecast that Informatica Inc. will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Informatica

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Informatica by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock valued at $88,702,000 after buying an additional 42,582 shares during the last quarter. Quent Capital LLC grew its stake in Informatica by 86.2% during the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,106 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Informatica by 37.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock valued at $3,761,000 after acquiring an additional 35,788 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Informatica in the 4th quarter worth $46,000. Finally, Vontobel Holding Ltd. purchased a new stake in Informatica in the 4th quarter worth $1,152,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.