Informatica Corp. Price Target Increased to $49.00 by Analysts at UBS AG (INFA)
Investment analysts at UBS AG upped their price objective on shares of Informatica Corp. (NASDAQ:INFA) from $46.00 to $49.00 in a note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective indicates a potential upside of 12.67% from the stock’s previous close.
In other Informatica Corp. news, CEO Sohaib Abbasi sold 44,862 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $43.00, for a total transaction of $1,929,066.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Informatica Corp. (NASDAQ:INFA) traded down 3.08% on Friday, hitting $41.58. The stock had a trading volume of 2,090,867 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 $4.512 billion and a price-to-earnings ratio of 61.20.
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 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. Analysts expect that Informatica Corp. will post $1.43 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on INFA. Analysts at Stifel Nicolaus raised their price target on shares of Informatica Corp. from $47.00 to $50.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Informatica Corp. has a consensus rating of “Buy” and a consensus price target of $45.74.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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