DA Davidson Analysts Cut Earnings Estimates for Informatica Inc. (NYSE:INFA)

Informatica Inc. (NYSE:INFA) – Research analysts at DA Davidson dropped their FY2024 EPS estimates for Informatica in a research note issued to investors on Wednesday, July 31st. DA Davidson analyst G. Luria now anticipates that the technology company will post earnings of $0.53 per share for the year, down from their prior forecast of $0.57. The consensus estimate for Informatica’s current full-year earnings is $0.52 per share.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Informatica had a net margin of 9.60% and a return on equity of 6.27%. The firm had revenue of $388.61 million for the quarter, compared to the consensus estimate of $384.97 million.

Several other equities research analysts have also recently commented on the stock. Robert W. Baird dropped their price target on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 target price on shares of Informatica in a report on Wednesday. Citigroup reduced their target price on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday. The Goldman Sachs Group dropped their price target on Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, UBS Group decreased their target price on Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.92.

Informatica Stock Performance

Shares of Informatica stock opened at $24.55 on Friday. The business has a fifty day simple moving average of $28.34 and a 200-day simple moving average of $31.01. Informatica has a fifty-two week low of $18.18 and a fifty-two week high of $39.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.90 and a current ratio of 1.90.

Institutional Investors Weigh In On Informatica

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 valued at $3,761,000 after buying an additional 35,788 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Informatica during the fourth quarter valued at about $46,000. Vontobel Holding Ltd. acquired a new stake in shares of Informatica in the fourth quarter valued at about $1,152,000. Finally, Strs Ohio bought a new position in shares of Informatica in the fourth quarter worth about $1,236,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on 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 directly owns 146,804 shares in the company, valued at approximately $4,072,342.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Ansa Sekharan sold 95,601 shares of the firm’s 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 of the company’s stock, valued at $14,547,921.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the sale, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 170,128 shares of company stock valued at $4,826,124. Corporate insiders own 48.10% of the company’s stock.

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.