Insider Selling: Mark A. Bertelsen Unloads 1,500 Shares of Informatica Stock (INFA)
Informatica (NASDAQ:INFA) Director Mark A. Bertelsen sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $37.24, for a total value of $55,860.00. Following the transaction, the director now directly owns 29,327 shares of the company’s stock, valued at approximately $1,092,137. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Informatica (NASDAQ:INFA) traded down 1.41% on Wednesday, hitting $37.03. 600,905 shares of the company’s stock traded hands. Informatica has a one year low of $32.87 and a one year high of $43.79. The stock has a 50-day moving average of $36.79 and a 200-day moving average of $39.14. The company has a market cap of $4.066 billion and a price-to-earnings ratio of 44.71.
Informatica (NASDAQ:INFA) last issued its quarterly earnings data 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 $1.62 earnings per share for the current fiscal year.
A number of research firms have recently commented on INFA. Analysts at Goldman Sachs cut their price target on shares of Informatica from $44.00 to $39.00 in a research note on Thursday, May 22nd. Separately, analysts at Bank of America upgraded shares of Informatica from an “underperform” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $37.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Informatica from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Six 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 an average rating of “Buy” and a consensus target price of $45.56.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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