Informatica Corp. CEO Unloads $1,545,198 in Stock (INFA)
Informatica Corp. (NASDAQ:INFA) CEO Sohaib Abbasi sold 41,796 shares of the company’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $36.97, for a total transaction of $1,545,198.12. Following the completion of the transaction, the chief executive officer now directly owns 317,989 shares of the company’s stock, valued at approximately $11,756,053. 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 1.64% during mid-day trading on Friday, hitting $37.77. The stock had a trading volume of 666,664 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 $38.87 and a 200-day moving average of $39.45. The company has a market cap of $4.125 billion and a price-to-earnings ratio of 47.64.
Informatica Corp. (NASDAQ:INFA) last released its earnings data on Thursday, January 23rd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters 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. 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 Robert W. Baird cut their price target on shares of Informatica Corp. from $47.00 to $45.00 in a research note on Wednesday. Separately, analysts at Barclays upgraded shares of Informatica Corp. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, April 1st. They now have a $45.00 price target on the stock, up previously from $44.00. Finally, analysts at Credit Agricole upgraded shares of Informatica Corp. from an “outperform” rating to a “buy” rating in a research note on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.00.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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