Informatica (NYSE:INFA) Given New $40.00 Price Target at Wells Fargo & Company

Informatica (NYSE:INFA) had its price objective reduced by Wells Fargo & Company from $45.00 to $40.00 in a research note published on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group upgraded 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 report on Friday, February 16th. Citigroup raised their target price on shares of Informatica from $28.00 to $33.00 and gave the company a neutral rating in a research report on Monday, February 12th. Robert W. Baird started coverage on shares of Informatica in a research report on Tuesday, April 2nd. They issued an outperform rating and a $43.00 target price on the stock. JPMorgan Chase & Co. raised their target price 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, UBS Group lifted their price target on shares of Informatica from $27.00 to $37.00 and gave the stock a neutral rating in a report on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $35.45.

Informatica Stock Performance

Shares of NYSE:INFA opened at $31.39 on Tuesday. The company’s 50 day simple moving average is $34.24 and its 200 day simple moving average is $28.92. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of -68.24, a price-to-earnings-growth 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 has a 1 year low of $13.29 and a 1 year high of $39.80.

Informatica (NYSE:INFA) last issued 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 company had revenue of $445.18 million during the quarter, compared to analyst estimates of $431.51 million. As a group, research analysts predict that Informatica will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the completion of the transaction, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the completion of the transaction, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 directly owns 496,854 shares of the company’s stock, valued at approximately $15,919,202.16. The disclosure for this sale can be found here. Insiders sold 243,600 shares of company stock valued at $8,259,201 over the last quarter. Insiders own 53.90% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in Informatica by 4.7% in the third quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company’s stock valued at $265,000 after purchasing an additional 562 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Informatica by 4.7% in the fourth quarter. Handelsbanken Fonder AB now owns 17,864 shares of the technology company’s stock valued at $507,000 after purchasing an additional 800 shares in the last quarter. Quent Capital LLC increased its stake in Informatica by 86.2% in the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,106 shares in the last quarter. GAMMA Investing LLC bought a new stake in Informatica in the fourth quarter valued at $39,000. Finally, Renaissance Capital LLC increased its stake in Informatica by 5.1% in the first quarter. Renaissance Capital LLC now owns 28,526 shares of the technology company’s stock valued at $998,000 after purchasing an additional 1,373 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

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.