Informatica Corp. CEO Unloads $1,608,574 in Stock (INFA)
Informatica Corp. (NASDAQ:INFA) CEO Sohaib Abbasi unloaded 39,100 shares of Informatica Corp. stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $41.14, for a total value of $1,608,574.00. Following the transaction, the chief executive officer now directly owns 316,803 shares in the company, valued at approximately $13,033,275. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Informatica Corp. (NASDAQ:INFA) traded up 1.07% on Tuesday, hitting $41.42. 725,170 shares of the company’s stock traded hands. 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 $41.31 and its 200-day moving average is $39.04. The company has a market cap of $4.492 billion and a P/E ratio of 52.54.
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 $1.63 EPS for the current fiscal year.
A number of research firms have recently commented on INFA. Analysts at UBS AG raised their price target on shares of Informatica Corp. from $46.00 to $49.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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, January 22nd. They now have a $45.00 price target on the stock, down previously from $50.00. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Informatica Corp. currently 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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