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Informatica Corp. (NASDAQ:INFA) CEO Sohaib Abbasi unloaded 35,961 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.61, for a total value of $1,460,376.21. Following the transaction, the chief executive officer now directly owns 316,803 shares in the company, valued at approximately $12,865,370. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

INFA has been the subject of a number of recent research reports. 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, January 24th. 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, January 24th. 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 twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $45.74.

Informatica Corp. (NASDAQ:INFA) traded down 0.07% during mid-day trading on Friday, hitting $40.36. The stock had a trading volume of 892,259 shares. Informatica Corp. has a 1-year low of $30.27 and a 1-year high of $43.79. The stock’s 50-day moving average is $41.44 and its 200-day moving average is $39.07. The company has a market cap of $4.377 billion and a P/E ratio of 51.78.

Informatica Corp. (NASDAQ:INFA) last released its 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.

Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.

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