Insider Selling: Informatica Corp. EVP Sells 5,000 Shares of Stock (INFA)
Informatica Corp. (NASDAQ:INFA) EVP Ivan Chong sold 5,000 shares of the stock on the open market in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $43.79, for a total value of $218,950.00. Following the completion of the transaction, the executive vice president now directly owns 42,335 shares of the company’s stock, valued at approximately $1,853,850. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
INFA has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.32.
Shares of 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’s 50-day moving average is $41.1 and its 200-day moving average is $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 issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.49 earnings per share for the quarter, beating the analysts’ 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that Informatica Corp. will post $1.43 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.