Informatica Inc. (NYSE:INFA) to Post Q2 2024 Earnings of $0.11 Per Share, DA Davidson Forecasts

Informatica Inc. (NYSE:INFA) – Analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Informatica in a report issued on Thursday, May 2nd. DA Davidson analyst G. Luria expects that the technology company will post earnings of $0.11 per share for the quarter. The consensus estimate for Informatica’s current full-year earnings is $0.56 per share. DA Davidson also issued estimates for Informatica’s FY2024 earnings at $0.63 EPS and FY2025 earnings at $0.73 EPS.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Informatica had a net margin of 0.03% and a return on equity of 5.45%. The firm had revenue of $445.18 million during the quarter, compared to analysts’ expectations of $431.51 million.

INFA has been the subject of several other research reports. Robert W. Baird assumed coverage on Informatica in a research note on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price target for the company. Wells Fargo & Company decreased their price target on Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, April 23rd. The Goldman Sachs Group upgraded Informatica from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $44.00 in a research note on Friday, February 16th. UBS Group upped their price target on Informatica from $27.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Guggenheim reiterated a “buy” rating and set a $37.00 price target on shares of Informatica in a research note on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.45.

Informatica Stock Performance

Shares of NYSE INFA opened at $29.84 on Friday. The business’s 50-day moving average price is $34.05 and its two-hundred day moving average price is $29.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. Informatica has a one year low of $13.29 and a one year high of $39.80. The company has a market capitalization of $8.81 billion, a P/E ratio of -1,492.00, a price-to-earnings-growth ratio of 6.57 and a beta of 1.12.

Institutional Investors Weigh In On Informatica

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Informatica by 78,094.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after purchasing an additional 1,269,034 shares during the period. Vanguard Group Inc. lifted its stake in shares of Informatica by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock valued at $150,698,000 after purchasing an additional 1,098,246 shares during the period. Wellington Management Group LLP boosted its position in shares of Informatica by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock worth $275,966,000 after purchasing an additional 883,642 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Informatica during the third quarter worth $14,375,000. Finally, Kennedy Capital Management LLC increased its holdings in Informatica by 32.5% in the third quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock valued at $25,525,000 after purchasing an additional 297,289 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.51, for a total value of $356,023.26. Following the completion of the transaction, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at approximately $5,359,772.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP John Arthur Schweitzer sold 65,709 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $2,105,316.36. Following the completion of the transaction, the executive vice president now directly owns 496,854 shares of the company’s stock, valued at approximately $15,919,202.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.51, for a total value of $356,023.26. Following the sale, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The disclosure for this sale can be found here. Insiders sold a total of 243,600 shares of company stock valued at $8,259,201 in the last quarter. Corporate insiders own 53.90% of the company’s stock.

About Informatica

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.