Informatica (NYSE:INFA) Earns “Buy” Rating from Guggenheim

Guggenheim restated their buy rating on shares of Informatica (NYSE:INFA) in a research note released on Tuesday, Benzinga reports. The brokerage currently has a $37.00 price target on the technology company’s stock.

A number of other equities analysts also recently weighed in on the stock. The Goldman Sachs Group raised shares of Informatica from a neutral rating to a buy rating and raised their target price for the company from $26.00 to $44.00 in a research note on Friday, February 16th. JPMorgan Chase & Co. raised 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. Robert W. Baird started coverage on shares of Informatica in a research report on Tuesday, April 2nd. They set an outperform rating and a $43.00 price target for the company. Wells Fargo & Company reduced their price target on shares of Informatica from $45.00 to $40.00 and set an overweight rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada reissued an outperform rating and set a $41.00 price target on shares of Informatica in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $35.45.

Informatica Price Performance

INFA stock opened at $31.39 on Tuesday. Informatica has a 1 year low of $13.29 and a 1 year high of $39.80. The firm has a 50-day moving average of $34.24 and a 200 day moving average of $28.92. The company has a market cap of $9.26 billion, a P/E ratio of -68.24, a PEG ratio of 7.49 and a beta of 1.08. 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 (NYSE:INFA) last announced 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). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The business had revenue of $445.18 million for the quarter, compared to the consensus estimate of $431.51 million. On average, sell-side analysts forecast that Informatica will post 0.56 EPS for the current year.

Insider Buying and Selling

In other news, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 65,709 shares of Informatica stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $2,105,316.36. Following the transaction, the executive vice president now owns 496,854 shares in the company, valued at approximately $15,919,202.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 243,600 shares of company stock worth $8,259,201. 53.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INFA. GAMMA Investing LLC purchased a new position in shares of Informatica during the 4th quarter valued at $39,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Informatica during the 4th quarter valued at $46,000. Quarry LP lifted its stake in shares of Informatica by 186.9% during the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after buying an additional 1,482 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Informatica by 86.2% during the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after buying an additional 1,106 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in shares of Informatica during the 4th quarter valued at $215,000. Hedge funds and other 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.