Insider Selling: Informatica EVP Sells 1,000 Shares of Stock (INFA)
Informatica (NASDAQ:INFA) EVP Ivan Chong sold 1,000 shares of Informatica stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.46, for a total value of $36,460.00. Following the completion of the transaction, the executive vice president now directly owns 51,505 shares in the company, valued at approximately $1,877,872. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on INFA shares. 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 analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Informatica currently has an average rating of “Buy” and a consensus price target of $45.56.
Shares of Informatica (NASDAQ:INFA) traded up 0.93% on Monday, hitting $37.00. The stock had a trading volume of 413,293 shares. Informatica has a 1-year low of $32.87 and a 1-year high of $43.79. The stock has a 50-day moving average of $36.65 and a 200-day moving average of $39.00. The company has a market cap of $4.062 billion and a price-to-earnings ratio of 43.64.
Informatica (NASDAQ:INFA) last posted its quarterly 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. Analysts expect that Informatica will post $1.62 EPS 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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