Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer Sells 10,734 Shares

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the sale, the executive vice president now directly owns 353,778 shares in the company, valued at $9,569,694.90. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

John Arthur Schweitzer also recently made the following trade(s):

• On Tuesday, October 15th, John Arthur Schweitzer sold 8,501 shares of Informatica stock. The stock was sold at an average price of $26.76, for a total value of $227,486.76.

Informatica Price Performance

INFA opened at $26.07 on Thursday. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80. 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 $7.96 billion, a price-to-earnings ratio of 124.15, a PEG ratio of 5.68 and a beta of 1.00. The firm has a 50-day moving average price of $26.35 and a 200-day moving average price of $26.29.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INFA. Truist Financial began coverage on shares of Informatica in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target on the stock. UBS Group lifted their price objective 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. Guggenheim reiterated a “buy” rating on shares of Informatica in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. cut their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.27.

Hedge Funds Weigh In On Informatica

Several institutional investors and hedge funds have recently bought and sold shares of INFA. Charles Schwab Investment Management Inc. boosted its position in Informatica by 62.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after buying an additional 237,876 shares during the period. Summit Partners Public Asset Management LLC bought a new position in Informatica in the 3rd quarter worth $2,781,000. Bank of Montreal Can bought a new position in Informatica in the second quarter worth about $2,442,000. Wellington Management Group LLP raised its position in shares of Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after acquiring an additional 2,662,379 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position 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 valued at $43,597,000 after purchasing an additional 141,163 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

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.