Informatica (NYSE:INFA) Sees Strong Trading Volume on Analyst Upgrade

Informatica Inc. (NYSE:INFA) shares saw unusually-high trading volume on Wednesday after Wells Fargo & Company raised their price target on the stock from $19.00 to $25.00. Wells Fargo & Company currently has an equal weight rating on the stock. Approximately 1,965,639 shares traded hands during trading, a decline of 21% from the previous session’s volume of 2,501,341 shares.The stock last traded at $24.04 and had previously closed at $23.92.

Several other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a report on Friday, February 14th. Wolfe Research restated a “peer perform” rating on shares of Informatica in a report on Wednesday. DA Davidson reduced their target price on shares of Informatica from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group boosted their price objective on shares of Informatica from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Fourteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.38.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,729 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $19.36, for a total transaction of $227,073.44. Following the completion of the transaction, the executive vice president now directly owns 404,681 shares of the company’s stock, valued at approximately $7,834,624.16. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 34,735 shares of company stock valued at $643,827. Insiders own 48.10% of the company’s stock.

Hedge Funds Weigh In On Informatica

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its holdings in shares of Informatica by 540.4% during the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,216 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Informatica during the fourth quarter valued at approximately $43,000. Versant Capital Management Inc grew its holdings in shares of Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,834 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Informatica by 35.3% in the 4th 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Informatica by 1,545.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock worth $49,000 after buying an additional 2,642 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Informatica Price Performance

The firm has a market capitalization of $7.27 billion, a P/E ratio of 801.10, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The business has a fifty day moving average of $18.51 and a 200-day moving average of $22.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. On average, sell-side analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

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.