Informatica Inc. (NYSE:INFA) Given Consensus Rating of “Moderate Buy” by Brokerages

Informatica Inc. (NYSE:INFA) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $35.45.

Several brokerages have recently issued reports on INFA. Wells Fargo & Company decreased their target price on Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, April 23rd. Robert W. Baird began coverage on Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Informatica in a research report on Thursday, May 23rd. Finally, Guggenheim reissued a “buy” rating and set a $37.00 price target on shares of Informatica in a research report on Tuesday, June 25th.

Informatica Stock Performance

NYSE:INFA opened at $30.88 on Monday. 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 has a twelve month low of $17.58 and a twelve month high of $39.80. The stock has a market cap of $9.11 billion, a P/E ratio of -1,544.00, a price-to-earnings-growth ratio of 7.69 and a beta of 1.06. The firm’s fifty day simple moving average is $29.98 and its 200 day simple moving average is $31.24.

Informatica (NYSE:INFA) last announced its quarterly 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). Informatica had a net margin of 0.03% and a return on equity of 5.31%. The company had revenue of $388.61 million for the quarter, compared to analysts’ expectations of $384.97 million. As a group, research analysts predict that Informatica will post 0.52 EPS for the current year.

Insider Activity at Informatica

In other Informatica news, EVP Ansa Sekharan sold 95,601 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total transaction 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 document filed with the SEC, which is accessible through the SEC website. In other news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.51, for a total transaction of $356,023.26. Following the completion of the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ansa Sekharan sold 95,601 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the transaction, the executive vice president now owns 509,381 shares in the company, valued at approximately $14,547,921.36. The disclosure for this sale can be found here. Insiders sold 171,518 shares of company stock valued at $5,425,518 over the last 90 days. Corporate insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

A number of hedge funds have recently added to or reduced their stakes in INFA. ORG Partners LLC bought a new stake in shares of Informatica in the first quarter worth $43,000. GAMMA Investing LLC bought a new stake in shares of Informatica during the 4th quarter valued at about $39,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Informatica during the 4th quarter valued at about $46,000. Quarry LP lifted its stake in shares of Informatica by 186.9% in the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,482 shares during the period. Finally, Quent Capital LLC boosted its holdings in shares of Informatica by 86.2% in the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock worth $68,000 after buying an additional 1,106 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other 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.