Informatica (NYSE:INFA) Price Target Cut to $38.00 by Analysts at The Goldman Sachs Group

Informatica (NYSE:INFA) had its target price lowered by research analysts at The Goldman Sachs Group from $44.00 to $38.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 53.54% from the company’s current price.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, April 23rd. Guggenheim reissued a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research note on Tuesday, June 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price objective on shares of Informatica in a research note on Thursday, May 23rd. Citigroup reduced their price objective on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Robert W. Baird reduced their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Informatica currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.18.

Informatica Stock Performance

NYSE INFA traded up $0.68 during trading hours on Wednesday, hitting $24.75. 1,233,312 shares of the company’s stock traded hands, compared to its average volume of 1,702,776. The business’s fifty day moving average price is $28.47 and its two-hundred day moving average price is $31.06. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $7.30 billion, a P/E ratio of -1,237.50, a P/E/G ratio of 6.07 and a beta of 1.07. Informatica has a 52 week low of $18.18 and a 52 week high of $39.80.

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

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the transaction, the chief accounting officer now owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the transaction, the chief accounting officer now owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 64,501 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the transaction, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. 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 90 days. Company insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INFA. Vanguard Group Inc. boosted its stake in Informatica by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock worth $88,702,000 after purchasing an additional 42,582 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Informatica by 37.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock worth $3,761,000 after purchasing an additional 35,788 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Informatica in the 4th quarter worth approximately $46,000. Vontobel Holding Ltd. acquired a new stake in Informatica in the 4th quarter worth approximately $1,152,000. Finally, Strs Ohio acquired a new stake in Informatica in the 4th quarter worth approximately $1,236,000. Hedge funds and other 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.