Informatica Corp. CEO Sells $1,303,008 in Stock (INFA)
Informatica Corp. (NASDAQ:INFA) CEO Sohaib Abbasi sold 33,600 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $38.78, for a total transaction of $1,303,008.00. Following the completion of the sale, the chief executive officer now directly owns 317,989 shares of the company’s stock, valued at approximately $12,331,613. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Informatica Corp. (NASDAQ:INFA) traded up 1.20% on Friday, hitting $38.95. The stock had a trading volume of 869,113 shares. Informatica Corp. has a one year low of $30.27 and a one year high of $43.79. The stock has a 50-day moving average of $41.29 and a 200-day moving average of $39.05. The company has a market cap of $4.225 billion and a P/E ratio of 49.35.
Informatica Corp. (NASDAQ:INFA) last released its earnings data 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 in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts expect that Informatica Corp. will post $1.62 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average 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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