Informatica Corp. CEO Sells $559,720 in Stock (INFA)
Informatica Corp. (NASDAQ:INFA) CEO Sohaib Abbasi unloaded 14,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $39.98, for a total transaction of $559,720.00. Following the completion of the transaction, the chief executive officer now directly owns 317,989 shares in the company, valued at approximately $12,713,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Informatica Corp. (NASDAQ:INFA) traded up 0.03% during mid-day trading on Friday, hitting $39.99. 414,290 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 $41.11 and its 200-day moving average is $39.08. The company has a market cap of $4.337 billion and a P/E ratio of 51.26. Informatica Corp. also saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,552,258 shares, a drop of 50.4% from the January 15th total of 3,127,349 shares. Based on an average daily trading volume, of 1,408,263 shares, the short-interest ratio is presently 1.1 days. Approximately 1.4% of the shares of the company are short sold.
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. On average, analysts predict that Informatica Corp. will post $1.62 earnings per share 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 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 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 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 given a buy rating to the stock. The company presently has an average 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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