Informatica (NYSE:INFA) Price Target Lowered to $40.00 at Wells Fargo & Company

Informatica (NYSE:INFA) had its price target dropped by stock analysts at Wells Fargo & Company from $45.00 to $40.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 26.86% from the stock’s previous close.

INFA has been the subject of several other reports. JPMorgan Chase & Co. upped their target price on Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. The Goldman Sachs Group upgraded Informatica from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $44.00 in a research note on Friday, February 16th. Robert W. Baird assumed coverage on Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price objective on shares of Informatica in a report on Monday, April 15th. Finally, UBS Group increased 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. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Informatica has an average rating of “Moderate Buy” and an average target price of $35.30.

Informatica Trading Up 0.1 %

Shares of Informatica stock traded up $0.04 during trading hours on Tuesday, hitting $31.53. The company’s stock had a trading volume of 709,277 shares, compared to its average volume of 1,774,089. Informatica has a twelve month low of $13.29 and a twelve month high of $39.80. The firm has a fifty day moving average of $34.24 and a 200-day moving average of $28.85. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of -68.59, a P/E/G ratio of 7.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66.

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

Insider Activity

In related news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.51, for a total transaction of $356,023.26. Following the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Amit Walia sold 85,996 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the transaction, the chief executive officer now directly owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.51, for a total transaction of $356,023.26. Following the completion of the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,600 shares of company stock valued at $8,259,201. Insiders own 53.90% of the company’s stock.

Institutional Investors Weigh In On Informatica

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in shares of Informatica during the fourth quarter valued at about $39,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Informatica in the 4th quarter worth $46,000. Quarry LP increased its position in shares of Informatica by 186.9% during the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,482 shares during the last quarter. Quent Capital LLC boosted its stake 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 during the period. Finally, Meridian Wealth Management LLC purchased a new stake in Informatica during the fourth quarter worth approximately $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.