Mark Pellowski Sells 10,026 Shares of Informatica Inc. (NYSE:INFA) Stock

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $35.51, for a total transaction of $356,023.26. Following the completion of the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mark Pellowski also recently made the following trade(s):

• On Thursday, March 7th, Mark Pellowski sold 10,026 shares of Informatica stock. The stock was sold at an average price of $32.04, for a total transaction of $321,233.04.

Informatica Stock Performance

Shares of NYSE INFA opened at $35.08 on Friday. The firm has a 50 day moving average of $34.16 and a 200 day moving average of $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 price-to-earnings ratio of -76.26, a price-to-earnings-growth ratio of 7.45 and a beta of 1.08. Informatica Inc. has a 12-month low of $13.29 and a 12-month high of $39.80.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $445.18 million for 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, research analysts anticipate that Informatica Inc. will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. The Goldman Sachs Group raised shares of Informatica from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $44.00 in a report on Friday, February 16th. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price objective on shares of Informatica in a report on Monday. 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 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.78.

Hedge Funds Weigh In On Informatica

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Informatica in the fourth quarter worth approximately $39,000. State of Wyoming bought a new position in shares of Informatica in the fourth quarter worth approximately $25,000. Allspring Global Investments Holdings LLC bought a new position in shares of Informatica in the fourth quarter worth approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Informatica in the second quarter worth approximately $36,000. Finally, MetLife Investment Management LLC bought a new position in shares of Informatica in the first quarter worth approximately $34,000. 98.45% of the stock is currently owned by institutional investors.

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.