Informatica Corp. CEO Sells $847,385 in Stock (INFA)
Informatica Corp. (NASDAQ:INFA) CEO Sohaib Abbasi unloaded 21,700 shares of the company’s stock on the open market in a transaction dated Monday, October 7th. The shares were sold at an average price of $39.05, for a total value of $847,385.00. Following the transaction, the chief executive officer now directly owns 78,102 shares in the company, valued at approximately $3,049,883. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on INFA shares. Analysts at Barclays Capital downgraded shares of Informatica Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. They now have a $44.00 price target on the stock, down previously from $45.00. Separately, analysts at Robert W. Baird raised their price target on shares of Informatica Corp. from $40.00 to $45.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. Finally, analysts at Roth Capital raised their price target on shares of Informatica Corp. from $44.00 to $48.00 in a research note to investors on Sunday, September 22nd. They now have a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.94.
Shares of Informatica Corp. (NASDAQ:INFA) traded down 1.23% during mid-day trading on Tuesday, hitting $38.56. The stock had a trading volume of 999,643 shares. Informatica Corp. has a 1-year low of $24.71 and a 1-year high of $41.49. The stock’s 50-day moving average is $38.12 and its 200-day moving average is $36.29. The company has a market cap of $4.174 billion and a P/E ratio of 52.76.
Informatica Corp. (NASDAQ:INFA) last released its earnings data on Thursday, July 25th. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.31. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $220.68 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts predict that Informatica Corp. will post $1.42 earnings per share for the current fiscal year.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.