Insider Selling: Ivan Chong Unloads 2,000 Shares of Informatica Corp. Stock (INFA)
Informatica Corp. (NASDAQ:INFA) EVP Ivan Chong sold 2,000 shares of the company’s stock on the open market in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.64, for a total transaction of $77,280.00. Following the sale, the executive vice president now directly owns 51,505 shares of the company’s stock, valued at approximately $1,990,153. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Informatica Corp. (NASDAQ:INFA) traded up 1.20% during mid-day trading on Friday, hitting $38.95. The stock had a trading volume of 869,113 shares. Informatica Corp. has a 52-week low of $30.27 and a 52-week 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 announced its earnings results 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 $1.62 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on INFA shares. 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 assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.74.
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.