Informatica (NYSE:INFA) Price Target Cut to $38.00 by Analysts at The Goldman Sachs Group

Informatica (NYSE:INFA) had its price target dropped by equities researchers at The Goldman Sachs Group from $44.00 to $38.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 53.54% from the company’s previous close.

A number of other equities analysts have also recently issued reports on INFA. Robert W. Baird dropped their price target on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday. 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. Wells Fargo & Company lowered their price objective on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. Guggenheim reiterated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research note on Tuesday, June 25th. Finally, Citigroup lowered their price objective on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.18.

Informatica Stock Up 2.8 %

Shares of NYSE:INFA traded up $0.68 during midday trading on Wednesday, reaching $24.75. The company’s stock had a trading volume of 1,233,312 shares, compared to its average volume of 1,702,776. The firm has a 50 day moving average of $28.47 and a 200-day moving average of $31.06. The firm has a market capitalization of $7.30 billion, a P/E ratio of -1,237.50, a PEG ratio of 6.07 and a beta of 1.07. 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 has a 12-month low of $18.18 and a 12-month high of $39.80.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $388.61 million during the quarter, compared to the consensus estimate of $384.97 million. Informatica had a return on equity of 5.31% and a net margin of 0.03%. On average, research analysts anticipate that Informatica will post 0.52 earnings per share for the current year.

Insider Activity

In other news, EVP Ansa Sekharan sold 95,601 shares of Informatica 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 owns 509,381 shares in the company, valued at $14,547,921.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares in the company, valued at $12,324,466.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the sale, the executive vice president now owns 509,381 shares in the company, valued at approximately $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 over the last quarter. Insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several large investors have recently bought and sold shares of INFA. First Horizon Advisors Inc. bought a new stake in Informatica in the second quarter worth $32,000. GAMMA Investing LLC bought a new stake in Informatica in the fourth quarter worth $39,000. ORG Partners LLC purchased a new position in Informatica during the first quarter worth $43,000. Allspring Global Investments Holdings LLC purchased a new position in Informatica during the fourth quarter worth $46,000. Finally, Summit Securities Group LLC purchased a new position in Informatica during the second quarter worth $46,000. Institutional investors own 98.45% of the company’s stock.

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.