Informatica Inc. (NYSE:INFA) Receives $32.92 Average Price Target from Brokerages

Informatica Inc. (NYSE:INFA) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.92.

A number of research firms have recently issued reports on INFA. UBS Group boosted their target price on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Cantor Fitzgerald started coverage on shares of Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price for the company. Guggenheim reiterated a “buy” rating and set a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. Finally, Truist Financial started coverage on shares of Informatica in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price objective for the company.

Insider Buying and Selling at Informatica

In related news, CAO Mark Pellowski sold 10,035 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the sale, the executive vice president now directly owns 353,778 shares in the company, valued at $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Hedge Funds Weigh In On Informatica

A number of institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in Informatica in the 4th quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Informatica during the third quarter worth $38,000. National Bank of Canada FI grew its position in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the period. FNY Investment Advisers LLC acquired a new position in Informatica in the fourth quarter valued at $54,000. Finally, PNC Financial Services Group Inc. lifted its position in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after buying an additional 667 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Price Performance

INFA stock opened at $25.95 on Tuesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $7.92 billion, a P/E ratio of 123.55, a PEG ratio of 3.65 and a beta of 0.99. The business has a 50 day simple moving average of $25.89 and a 200-day simple moving average of $25.48. Informatica has a twelve month low of $22.08 and a twelve month high of $39.80.

Informatica declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to buy up to 5.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.