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Informatica (NASDAQ:INFA) CEO Sohaib Abbasi unloaded 3,000 shares of the stock on the open market in a transaction dated Monday, July 28th. The shares were sold at an average price of $31.39, for a total value of $94,170.00. Following the completion of the sale, the chief executive officer now directly owns 317,989 shares of the company’s stock, valued at approximately $9,981,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Informatica (NASDAQ:INFA) traded up 1.48% during mid-day trading on Wednesday, hitting $32.15. 1,468,314 shares of the company’s stock traded hands. 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 $34.93 and a 200-day moving average of $37.69. The company has a market cap of $3.528 billion and a price-to-earnings ratio of 35.60.

Informatica (NASDAQ:INFA) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter 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.

INFA has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus 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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