Informatica EVP Sells $32,500 in Stock (INFA)
Informatica (NASDAQ:INFA) EVP Ivan Chong sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $32.50, for a total value of $32,500.00. Following the sale, the executive vice president now directly owns 51,505 shares of the company’s stock, valued at approximately $1,673,913. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Informatica (NASDAQ:INFA) traded down 0.74% on Friday, hitting $32.00. The stock had a trading volume of 1,055,426 shares. Informatica has a 1-year low of $29.87 and a 1-year high of $43.79. The stock’s 50-day moving average is $33.99 and its 200-day moving average is $37.22. The company has a market cap of $3.512 billion and a P/E ratio of 36.22.
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. 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, July 30th. 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, July 28th. 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 analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target 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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