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Informatica (NASDAQ:INFA) CEO Sohaib Abbasi sold 33,796 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $35.93, for a total transaction of $1,214,290.28. Following the sale, the chief executive officer now directly owns 317,989 shares in the company, valued at approximately $11,425,345. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on INFA shares. Analysts at Bank of America upgraded shares of Informatica from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $37.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Informatica from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Informatica in a research note on Friday, April 25th. They now have a $42.00 price target on the stock. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Informatica has a consensus rating of “Buy” and a consensus price target of $46.11.

Informatica (NASDAQ:INFA) traded up 0.08% during mid-day trading on Wednesday, hitting $35.97. 561,616 shares of the company’s stock traded hands. Informatica has a 1-year low of $32.87 and a 1-year high of $43.79. The stock’s 50-day moving average is $37.5 and its 200-day moving average is $39.30. The company has a market cap of $3.927 billion and a price-to-earnings ratio of 42.79.

Informatica (NASDAQ:INFA) last announced its earnings results on Thursday, April 24th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.01. The company had revenue of $243.10 million for the quarter, compared to the consensus estimate of $242.37 million. During the same quarter last year, the company posted $0.31 earnings per share. Informatica’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Informatica will post $1.63 earnings per share for the current fiscal year.

Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.

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