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Informatica Corp. (NASDAQ:INFA) CEO Sohaib Abbasi sold 21,796 shares of Informatica Corp. stock on the open market in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $40.57, for a total transaction of $884,263.72. Following the transaction, the chief executive officer now directly owns 317,989 shares in the company, valued at approximately $12,900,814. 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 down 1.06% during mid-day trading on Tuesday, hitting $40.24. 565,871 shares of the company’s stock traded hands. 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 $40.92 and a 200-day moving average of $39.21. The company has a market cap of $4.364 billion and a price-to-earnings ratio of 52.14.

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 $1.62 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 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 investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price 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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