Informatica Corp. CEO Sells $1,929,066 in Stock (INFA)
Informatica Corp. (NASDAQ:INFA) CEO Sohaib Abbasi sold 44,862 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $43.00, for a total transaction of $1,929,066.00. Following the transaction, the chief executive officer now directly owns 316,803 shares of the company’s stock, valued at approximately $13,622,529. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Informatica Corp. (NASDAQ:INFA) traded down 1.36% on Thursday, hitting $42.90. The stock had a trading volume of 2,116,204 shares. Informatica Corp. has a 52-week low of $30.27 and a 52-week high of $43.79. The stock has a 50-day moving average of $41.1 and a 200-day moving average of $38.95. The company has a market cap of $4.655 billion and a price-to-earnings ratio of 62.04.
Informatica Corp. (NASDAQ:INFA) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $276.00 million for the quarter, compared to the consensus estimate of $270.27 million. During the same quarter last year, the company posted $0.41 earnings per share. Informatica Corp.’s revenue was up 17.6% compared to the same quarter last year. On average, analysts predict that Informatica Corp. will post $1.43 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Informatica Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They now have a $45.00 price target on the stock, down previously from $50.00. Separately, analysts at Credit Suisse upgraded shares of Informatica Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $52.00 price target on the stock, up previously from $41.00. Finally, analysts at RBC Capital raised their price target on shares of Informatica Corp. from $44.00 to $47.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Informatica Corp. currently has an average rating of “Buy” and a consensus price target of $45.32.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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