Informatica Inc. (NYSE:INFA) EVP Sells $2,339,130.50 in Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 65,891 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the completion of the transaction, the executive vice president now owns 481,011 shares in the company, valued at $17,075,890.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Arthur Schweitzer also recently made the following trade(s):

• On Friday, March 15th, John Arthur Schweitzer sold 5,952 shares of Informatica stock. The shares were sold at an average price of $33.87, for a total transaction of $201,594.24.
• On Thursday, March 7th, John Arthur Schweitzer sold 65,709 shares of Informatica stock. The shares were sold at an average price of $32.04, for a total transaction of $2,105,316.36.

Informatica Stock Performance

Informatica stock opened at $35.08 on Friday. The firm’s 50 day simple moving average is $34.16 and its 200 day simple moving average is $28.64. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $10.35 billion, a PE ratio of -76.26, a price-to-earnings-growth ratio of 7.45 and a beta of 1.08. Informatica Inc. has a 1-year low of $13.29 and a 1-year high of $39.80.

Informatica (NYSE:INFA) 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 for the quarter, compared to the consensus estimate of $431.51 million. Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. As a group, analysts expect that Informatica Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on INFA. Robert W. Baird began coverage on shares of Informatica in a research note on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 target price on the stock. The Goldman Sachs Group raised shares of Informatica from a “neutral” rating to a “buy” rating and boosted their price target for the company from $26.00 to $44.00 in a research report on Friday, February 16th. UBS Group boosted their price target on shares of Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price target on shares of Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price target on shares of Informatica in a research report on Monday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.78.

Institutional Trading of Informatica

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

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.