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Informatica (NASDAQ:INFA) CEO Sohaib Abbasi sold 27,847 shares of Informatica stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $36.87, for a total value of $1,026,718.89. Following the completion of the transaction, the chief executive officer now directly owns 317,989 shares of the company’s stock, valued at approximately $11,724,254. The transaction was disclosed in a filing with the SEC, which is available at this link.

Informatica (NASDAQ:INFA) traded down 0.11% on Monday, hitting $36.55. The stock had a trading volume of 605,468 shares. Informatica has a 52 week low of $32.87 and a 52 week high of $43.79. The stock has a 50-day moving average of $36.75 and a 200-day moving average of $39.1. The company has a market cap of $4.013 billion and a price-to-earnings ratio of 43.56.

Informatica (NASDAQ:INFA) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that Informatica will post $1.62 EPS for the current fiscal year.

Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently 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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