Informatica Inc. (NYSE:INFA) Receives $24.67 Consensus Price Target from Analysts

Shares of Informatica Inc. (NYSE:INFA) have earned a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.67.

INFA has been the subject of a number of research analyst reports. Guggenheim reiterated a “buy” rating and issued a $37.00 price target on shares of Informatica in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft cut 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. Robert W. Baird reaffirmed a “neutral” rating and issued a $19.00 price target (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Truist Financial reaffirmed a “buy” rating and set a $24.00 price objective (down previously from $34.00) on shares of Informatica in a research report on Friday, February 14th. Finally, Bank of America downgraded Informatica from a “buy” rating to a “neutral” rating in a report on Friday, February 14th.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction on Monday, December 16th. The stock was 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 owns 353,778 shares in the company, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the transaction, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This represents a 6.76 % 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 insiders.

Institutional Trading of Informatica

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in shares of Informatica during the 4th quarter worth approximately $32,000. Quarry LP bought a new position in Informatica in the third quarter valued at approximately $38,000. New Age Alpha Advisors LLC acquired a new stake in Informatica during the 4th quarter worth $43,000. National Bank of Canada FI raised its position in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,644 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Informatica in the 4th quarter valued at $54,000. 98.45% of the stock is owned by institutional investors.

Informatica Price Performance

Shares of INFA stock opened at $19.04 on Friday. The firm has a fifty day moving average of $23.92 and a two-hundred day moving average of $25.12. The firm has a market cap of $5.81 billion, a P/E ratio of 634.71, a P/E/G ratio of 4.44 and a beta of 0.99. Informatica has a 1-year low of $16.37 and a 1-year high of $39.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. As a group, research analysts anticipate that Informatica will post 0.63 earnings per share 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.