Informatica (NYSE:INFA) Price Target Cut to $27.00 by Analysts at UBS Group

Informatica (NYSE:INFA) had its price objective cut by UBS Group from $35.00 to $27.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other analysts have also commented on the company. Robert W. Baird decreased their price objective on Informatica from $43.00 to $35.00 and set an outperform rating for the company in a report on Wednesday. Citigroup reduced their target price on Informatica from $35.00 to $28.00 and set a neutral rating for the company in a report on Tuesday, July 30th. The Goldman Sachs Group reduced their target price on Informatica from $44.00 to $38.00 and set a buy rating for the company in a report on Wednesday. Wells Fargo & Company reduced their target price on Informatica from $40.00 to $32.00 and set an overweight rating for the company in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $35.00 target price on shares of Informatica in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica presently has a consensus rating of Moderate Buy and an average price target of $31.92.

Informatica Stock Performance

Shares of Informatica stock opened at $23.80 on Wednesday. Informatica has a one year low of $18.71 and a one year high of $39.80. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of -1,190.00, a PEG ratio of 4.91 and a beta of 1.06. The business has a 50-day simple moving average of $28.11 and a 200 day simple moving average of $30.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 1.90.

Informatica (NYSE:INFA) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $400.63 million during the quarter, compared to analyst estimates of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. On average, research analysts anticipate that Informatica will post 0.51 earnings per share for the current fiscal year.

Insider Activity at Informatica

In related news, EVP Ansa Sekharan sold 95,601 shares of the company’s 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 transaction, the executive vice president now owns 509,381 shares in the company, valued at $14,547,921.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 owns 509,381 shares in the company, valued at $14,547,921.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.74, for a total value of $278,121.24. Following the sale, the chief accounting officer now owns 146,804 shares in the company, valued at approximately $4,072,342.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 170,128 shares of company stock worth $4,826,124. Insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. purchased a new stake in shares of Informatica during the second quarter worth $32,000. GAMMA Investing LLC purchased a new stake in shares of Informatica during the fourth quarter worth $39,000. ORG Partners LLC purchased a new stake in shares of Informatica during the first quarter worth $43,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Informatica during the fourth quarter worth $46,000. Finally, Summit Securities Group LLC bought a new position in shares of Informatica in the second quarter worth $46,000. Hedge funds and other institutional investors own 98.45% 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.