Informatica (NYSE:INFA) Now Covered by Analysts at Robert W. Baird

Robert W. Baird started coverage on shares of Informatica (NYSE:INFAFree Report) in a research report released on Tuesday, Benzinga reports. The firm issued an outperform rating and a $43.00 price target on the technology company’s stock.

INFA has been the subject of a number of other research reports. Scotiabank boosted their price objective on shares of Informatica from $21.00 to $27.00 and gave the company a sector perform rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. boosted their price target on Informatica from $33.00 to $38.00 and gave the company an overweight rating in a report on Thursday, February 15th. UBS Group upped their price target on Informatica from $27.00 to $37.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. Citigroup lifted their price objective on Informatica from $28.00 to $33.00 and gave the company a neutral rating in a research report on Monday, February 12th. Finally, The Goldman Sachs Group raised shares of Informatica from a neutral rating to a buy rating and increased their target price for the stock from $26.00 to $44.00 in a report on Friday, February 16th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $32.89.

Read Our Latest Research Report on Informatica

Informatica Price Performance

NYSE INFA opened at $34.90 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. Informatica has a 1-year low of $13.29 and a 1-year high of $36.81. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of -75.87, a PEG ratio of 7.45 and a beta of 1.08. The business’s fifty day moving average price is $32.65 and its 200-day moving average price is $27.40.

Informatica (NYSE:INFAGet Free Report) last posted its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $445.18 million during the quarter, compared to the consensus estimate of $431.51 million. Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. On average, equities analysts predict that Informatica will post 0.56 earnings per share for the current year.

Insider Transactions at Informatica

In related news, CEO Amit Walia sold 85,996 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the completion of the transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP John Arthur Schweitzer sold 5,952 shares of Informatica stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $33.87, for a total value of $201,594.24. Following the completion of the sale, the executive vice president now directly owns 490,902 shares in the company, valued at $16,626,850.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amit Walia sold 85,996 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the completion of the sale, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,683 shares of company stock worth $5,564,047. 53.90% of the stock is currently owned by company insiders.

Institutional Trading of Informatica

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its holdings in Informatica by 45.3% in the first quarter. Advisor Group Holdings Inc. now owns 5,042 shares of the technology company’s stock worth $99,000 after purchasing an additional 1,572 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Informatica by 10.7% during the 1st quarter. JPMorgan Chase & Co. now owns 15,001 shares of the technology company’s stock worth $296,000 after buying an additional 1,451 shares during the last quarter. Citigroup Inc. increased its position in Informatica by 1,144.3% during the 1st quarter. Citigroup Inc. now owns 23,380 shares of the technology company’s stock valued at $462,000 after buying an additional 21,501 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Informatica in the first quarter valued at about $34,000. Finally, Ergoteles LLC purchased a new stake in Informatica in the first quarter valued at about $304,000. Institutional investors own 98.45% of the company’s stock.

Informatica Company Profile

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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.

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Analyst Recommendations for Informatica (NYSE:INFA)

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