Informatica (NYSE:INFA) Coverage Initiated at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald started coverage on shares of Informatica (NYSE:INFAGet Free Report) in a note issued to investors on Friday, Marketbeat reports. The brokerage set a “neutral” rating and a $29.00 price target on the technology company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 18.83% from the company’s current price.

INFA has been the subject of several other reports. UBS Group upped their price objective on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Guggenheim reiterated a “buy” rating on shares of Informatica in a report on Friday, October 18th. Truist Financial started coverage on Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.92.

Read Our Latest Report on Informatica

Informatica Stock Down 0.5 %

INFA stock opened at $24.41 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market capitalization of $7.45 billion, a P/E ratio of 116.22, a P/E/G ratio of 3.42 and a beta of 0.99. The business has a 50-day moving average of $26.03 and a 200-day moving average of $25.70. Informatica has a fifty-two week low of $22.08 and a fifty-two week high of $39.80.

Informatica announced that its board has initiated a stock repurchase 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 typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. This represents a 6.76 % 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 this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

A number of large investors have recently added to or reduced their stakes in INFA. ORG Wealth Partners LLC acquired a new stake in Informatica during the fourth quarter worth approximately $32,000. Quarry LP acquired a new stake in Informatica during the third quarter worth approximately $38,000. National Bank of Canada FI grew its position in Informatica by 3,288.0% during the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after buying an additional 1,644 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Informatica during the fourth quarter worth approximately $54,000. Finally, Amalgamated Bank grew its position in Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after buying an additional 1,037 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

About Informatica

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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.

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Analyst Recommendations for Informatica (NYSE:INFA)

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