Informatica (NYSE:INFA) Given New $40.00 Price Target at Wells Fargo & Company

Informatica (NYSE:INFA) had its target price cut by Wells Fargo & Company from $45.00 to $40.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other brokerages have also issued reports on INFA. UBS Group boosted their price target on Informatica from $27.00 to $37.00 and gave the company a neutral rating in a research note on Thursday, February 15th. The Goldman Sachs Group raised Informatica from a neutral rating to a buy rating and lifted their price objective for the company from $26.00 to $44.00 in a report on Friday, February 16th. Robert W. Baird began coverage on Informatica in a report on Tuesday, April 2nd. They set an outperform rating and a $43.00 price objective on the stock. Citigroup lifted their price objective on Informatica from $28.00 to $33.00 and gave the company a neutral rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Informatica from $33.00 to $38.00 and gave the company an overweight rating in a report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Informatica has an average rating of Moderate Buy and a consensus target price of $35.45.

Informatica Trading Down 0.3 %

Shares of INFA opened at $31.39 on Tuesday. Informatica has a 12-month low of $13.29 and a 12-month high of $39.80. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of -68.24, a P/E/G ratio of 7.49 and a beta of 1.08. The stock’s 50-day moving average price is $34.24 and its 200 day moving average price is $28.92.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The firm had revenue of $445.18 million for the quarter, compared to the consensus estimate of $431.51 million. As a group, research analysts predict that Informatica will post 0.56 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other Informatica news, CEO Amit Walia sold 85,996 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the completion of the sale, the chief executive officer now owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Informatica news, CEO Amit Walia sold 85,996 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the completion of the sale, the chief executive officer now owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at approximately $4,836,021.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 243,600 shares of company stock worth $8,259,201. Insiders own 53.90% of the company’s stock.

Institutional Trading of Informatica

A number of large investors have recently made changes to their positions in INFA. GAMMA Investing LLC bought a new stake in shares of Informatica in the 4th quarter valued at $39,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Informatica in the 4th quarter valued at $46,000. Quarry LP increased its position in shares of Informatica by 186.9% in the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after buying an additional 1,482 shares in the last quarter. Quent Capital LLC increased its position in shares of Informatica by 86.2% in the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after buying an additional 1,106 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in shares of Informatica in the 4th quarter valued at $215,000. Institutional investors own 98.45% 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.