Analysts Set Informatica Inc. (NYSE:INFA) Price Target at $35.45

Informatica Inc. (NYSE:INFA) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.45.

INFA has been the topic of several recent analyst reports. Wells Fargo & Company lowered their price target on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. Robert W. Baird initiated coverage on Informatica in a report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective on the stock. Guggenheim reissued a “buy” rating and set a $37.00 price objective on shares of Informatica in a report on Tuesday, June 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price objective on shares of Informatica in a report on Thursday, May 23rd.

Informatica Stock Performance

NYSE:INFA opened at $23.99 on Friday. The business’s 50-day moving average price is $28.94 and its two-hundred day moving average price is $31.15. Informatica has a twelve month low of $18.18 and a twelve month high of $39.80. The stock has a market cap of $7.08 billion, a P/E ratio of -1,199.50, a PEG ratio of 6.21 and a beta of 1.07. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

Informatica (NYSE:INFA) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). Informatica had a net margin of 0.03% and a return on equity of 5.31%. The business had revenue of $388.61 million during the quarter, compared to analysts’ expectations of $384.97 million. As a group, equities analysts predict that Informatica will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Ansa Sekharan sold 95,601 shares of Informatica stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total value of $2,730,364.56. Following the sale, the executive vice president now directly owns 509,381 shares in the company, valued at approximately $14,547,921.36. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP John Arthur Schweitzer sold 64,501 shares of Informatica stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ansa Sekharan sold 95,601 shares of Informatica stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total value of $2,730,364.56. Following the sale, the executive vice president now owns 509,381 shares in the company, valued at $14,547,921.36. The disclosure for this sale can be found here. Insiders have sold 170,128 shares of company stock valued at $4,826,124 in the last ninety days. Company insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Informatica by 37.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock valued at $3,761,000 after purchasing an additional 35,788 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Informatica by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock valued at $88,702,000 after purchasing an additional 42,582 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Informatica by 73.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,075 shares of the technology company’s stock valued at $314,000 after purchasing an additional 4,685 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Informatica during the fourth quarter valued at approximately $39,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Informatica by 78,094.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after buying an additional 1,269,034 shares during the last quarter. 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.