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Informatica (NASDAQ:INFA) CEO Sohaib Abbasi sold 22,796 shares of Informatica stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $34.39, for a total value of $783,954.44. Following the sale, the chief executive officer now directly owns 317,989 shares of the company’s stock, valued at approximately $10,935,642. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Informatica (NASDAQ:INFA) traded down 1.48% during mid-day trading on Tuesday, hitting $33.97. 1,123,316 shares of the company’s stock traded hands. Informatica has a 52 week low of $33.96 and a 52 week high of $43.79. The stock’s 50-day moving average is $36.0 and its 200-day moving average is $38.33. The company has a market cap of $3.730 billion and a P/E ratio of 41.05.

Informatica (NASDAQ:INFA) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Informatica will post $1.63 earnings per share for the current fiscal year.

INFA has been the subject of a number of recent research reports. Analysts at Deutsche Bank cut their price target on shares of Informatica from $42.00 to $40.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Evercore Partners upgraded shares of Informatica from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $43.00 price target on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $45.61.

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

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