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Informatica (NASDAQ:INFA) CEO Sohaib Abbasi unloaded 4,700 shares of the company’s stock on the open market in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $31.54, for a total value of $148,238.00. Following the transaction, the chief executive officer now directly owns 317,989 shares in the company, valued at approximately $10,029,373. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Informatica (NASDAQ:INFA) traded up 1.48% on Wednesday, hitting $32.15. 1,468,314 shares of the company’s stock traded hands. Informatica has a 52-week low of $29.87 and a 52-week high of $43.79. The stock’s 50-day moving average is $34.93 and its 200-day moving average is $37.69. The company has a market cap of $3.528 billion and a P/E ratio of 35.60.

Informatica (NASDAQ:INFA) last announced its earnings results on Thursday, July 24th. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts predict that Informatica will post $1.55 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on INFA shares. Analysts at Zacks downgraded shares of Informatica from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $30.10 price target on the stock. Separately, 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. Finally, analysts at Mizuho reiterated a “buy” rating on shares of Informatica in a research note on Friday, July 25th. They now have a $38.00 price target on the stock, down previously from $45.00. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Informatica currently has an average rating of “Buy” and an average target price of $39.84.

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

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