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Informatica (NASDAQ:INFA) CEO Sohaib Abbasi sold 5,815 shares of Informatica stock on the open market in a transaction dated Friday, July 25th. The shares were sold at an average price of $32.64, for a total transaction of $189,801.60. Following the completion of the transaction, the chief executive officer now directly owns 317,989 shares in the company, valued at approximately $10,379,161. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Nomura upgraded shares of Informatica from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $41.00 price target on the stock, down previously from $48.00. Separately, analysts at Mizuho reiterated a “buy” rating on shares of Informatica in a research note on Friday. They now have a $38.00 price target on the stock, down previously from $45.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Informatica in a research note on Friday. They now have a $44.00 price target on the stock, down previously from $50.00. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.41.

Informatica (NASDAQ:INFA) traded up 4.37% during mid-day trading on Monday, hitting $31.99. The stock had a trading volume of 4,523,399 shares. Informatica has a one year low of $29.87 and a one year high of $43.79. The stock has a 50-day moving average of $35.22 and a 200-day moving average of $37.81. The company has a market cap of $3.511 billion and a P/E ratio of 34.44.

Informatica (NASDAQ:INFA) last released its earnings data on Thursday, July 24th. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.35. The company had revenue of $250.71 million for the quarter, compared to the consensus estimate of $251.00 million. During the same quarter last year, the company posted $0.31 earnings per share. Informatica’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that Informatica will post $1.56 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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