Informatica Inc. (NYSE:INFA) CAO Sells $271,547.10 in Stock

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction 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 $3,747,187.62. This trade represents a 6.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mark Pellowski also recently made the following trade(s):

• On Tuesday, October 15th, Mark Pellowski sold 10,026 shares of Informatica stock. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76.

Informatica Price Performance

Shares of INFA stock traded down $0.90 during trading hours on Wednesday, reaching $26.14. The company’s stock had a trading volume of 1,569,462 shares, compared to its average volume of 1,780,112. Informatica Inc. has a fifty-two week low of $22.08 and a fifty-two week high of $39.80. The firm’s 50 day simple moving average is $26.34 and its 200-day simple moving average is $26.29. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 124.48, a PEG ratio of 5.68 and a beta of 1.00.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INFA. First Horizon Advisors Inc. bought a new stake in shares of Informatica during the 2nd quarter valued at approximately $32,000. Bank of New York Mellon Corp boosted its position in Informatica by 118.9% in the second quarter. Bank of New York Mellon Corp now owns 368,242 shares of the technology company’s stock valued at $11,371,000 after buying an additional 200,025 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Informatica by 11.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,411,822 shares of the technology company’s stock worth $43,597,000 after buying an additional 141,163 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Informatica during the second quarter worth $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Informatica by 47.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,040 shares of the technology company’s stock valued at $434,000 after acquiring an additional 4,523 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

INFA has been the subject of a number of analyst reports. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research report on Friday, October 18th. UBS Group raised their target price on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Truist Financial began coverage on shares of Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Informatica currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.27.

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.