Informatica (NYSE:INFA) Shares Down 8.9% – What’s Next?

Informatica Inc. (NYSE:INFA)’s share price dropped 8.9% on Friday . The company traded as low as $24.70 and last traded at $24.70. Approximately 5,275,323 shares were traded during trading, an increase of 210% from the average daily volume of 1,704,150 shares. The stock had previously closed at $27.10.

Analyst Ratings Changes

INFA has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. UBS Group increased their price target on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company dropped their price target on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group decreased their price objective on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Guggenheim reissued a “buy” rating on shares of Informatica in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.45.

Informatica Trading Down 7.7 %

The business has a 50 day simple moving average of $25.69 and a 200-day simple moving average of $27.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.03 and a current ratio of 2.17. The stock has a market capitalization of $7.57 billion, a P/E ratio of 119.05, a price-to-earnings-growth ratio of 5.63 and a beta of 1.04.

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

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Informatica

Several large investors have recently modified their holdings of INFA. First Horizon Advisors Inc. purchased a new stake in shares of Informatica in the second quarter valued at $32,000. Summit Securities Group LLC purchased a new stake in shares of Informatica in the second quarter valued at $46,000. Amalgamated Bank lifted its holdings in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Informatica in the third quarter valued at $149,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Informatica in the second quarter valued at $216,000. 98.45% of the stock is owned by institutional investors.

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.