Insider Selling: A Brooke Seawell Sells 3,000 Shares of Informatica Stock (INFA)
Informatica (NASDAQ:INFA) Director A Brooke Seawell sold 3,000 shares of Informatica stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $33.58, for a total transaction of $100,740.00. Following the completion of the transaction, the director now directly owns 17,027 shares in the company, valued at approximately $571,767. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Informatica (NASDAQ:INFA) traded up 1.47% on Friday, hitting $34.055. The stock had a trading volume of 1,049,965 shares. Informatica has a one year low of $29.87 and a one year high of $43.79. The stock’s 50-day moving average is $32.87 and its 200-day moving average is $36.41. The company has a market cap of $3.746 billion and a P/E ratio of 37.71.
Informatica (NASDAQ:INFA) last announced its earnings results 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 $1.55 EPS for the current fiscal year.
A number of research firms have recently commented on INFA. 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued 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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