Informatica Inc. (NYSE:INFA) Given Average Recommendation of “Hold” by Brokerages

Shares of Informatica Inc. (NYSE:INFA) have received a consensus rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Sixteen equities research analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $23.6667.

INFA has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Informatica from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Wolfe Research downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. UBS Group increased their target price on Informatica from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Guggenheim cut Informatica from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $25.00 target price (up previously from $24.00) on shares of Informatica in a research report on Wednesday, May 28th.

Insider Buying and Selling

In other Informatica news, CAO Francis R. Santiago sold 16,790 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total transaction of $416,056.20. Following the sale, the chief accounting officer owned 43,851 shares of the company’s stock, valued at approximately $1,086,627.78. This trade represents a 27.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Held sold 70,212 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total value of $1,750,385.16. Following the sale, the director directly owned 198,845 shares in the company, valued at $4,957,205.85. This trade represents a 26.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 441,818 shares of company stock worth $10,965,526 over the last quarter. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Informatica

Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank grew its holdings in Informatica by 11.9% in the second quarter. Amalgamated Bank now owns 4,577 shares of the technology company’s stock worth $111,000 after purchasing an additional 488 shares during the last quarter. Cooper Financial Group grew its holdings in Informatica by 3.0% in the first quarter. Cooper Financial Group now owns 24,954 shares of the technology company’s stock worth $435,000 after purchasing an additional 718 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in Informatica by 51.5% in the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock worth $44,000 after purchasing an additional 862 shares during the last quarter. L. Roy Papp & Associates LLP grew its holdings in Informatica by 1.9% in the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company’s stock worth $889,000 after purchasing an additional 961 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,216 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Performance

Shares of NYSE:INFA opened at $24.82 on Wednesday. The firm has a market cap of $7.56 billion, a PE ratio of -620.38, a price-to-earnings-growth ratio of 6.69 and a beta of 1.15. The firm’s 50 day simple moving average is $24.73 and its 200-day simple moving average is $22.03. Informatica has a one year low of $15.65 and a one year high of $28.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.01 and a current ratio of 2.01.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The company had revenue of $407.34 million for the quarter, compared to analysts’ expectations of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The business’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. As a group, equities analysts predict that Informatica will post 0.63 EPS for the current 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.