Insider Selling: Informatica CEO Sells 33,496 Shares of Stock (INFA)
Informatica (NASDAQ:INFA) CEO Sohaib Abbasi sold 33,496 shares of the company’s stock on the open market in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $36.61, for a total value of $1,226,288.56. Following the completion of the sale, the chief executive officer now directly owns 317,989 shares in the company, valued at approximately $11,641,577. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Informatica (NASDAQ:INFA) traded down 0.75% on Wednesday, hitting $35.97. The stock had a trading volume of 189,171 shares. Informatica has a 52 week low of $33.63 and a 52 week high of $43.79. The stock has a 50-day moving average of $36.61 and a 200-day moving average of $38.83. The company has a market cap of $3.949 billion and a P/E ratio of 43.14.
Informatica (NASDAQ:INFA) last released its 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. Analysts expect that Informatica will post $1.63 EPS for the current fiscal year.
INFA has been the subject of a number of recent research reports. 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 issued a buy rating to the company. Informatica has a consensus 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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