Informatica’s (INFA) Buy Rating Reaffirmed at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Informatica (NYSE:INFA) in a research report report published on Tuesday, Benzinga reports. Guggenheim currently has a $37.00 price target on the technology company’s stock.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company reduced their price objective on Informatica from $45.00 to $40.00 and set an overweight rating for the company in a research note on Tuesday. Royal Bank of Canada reiterated an outperform rating and set a $41.00 price objective on shares of Informatica in a research note on Monday, April 15th. Citigroup lifted their price objective on Informatica from $28.00 to $33.00 and gave the company a neutral rating in a research note on Monday, February 12th. UBS Group lifted their price objective on Informatica from $27.00 to $37.00 and gave the company a neutral rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. lifted their price target on Informatica from $33.00 to $38.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Informatica has an average rating of Moderate Buy and a consensus price target of $35.45.

Informatica Stock Performance

Shares of INFA stock opened at $31.90 on Tuesday. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of -69.35, a price-to-earnings-growth ratio of 6.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. The business has a fifty day moving average of $34.27 and a 200 day moving average of $29.03. Informatica has a 1 year low of $13.29 and a 1 year high of $39.80.

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

Insider Buying and Selling

In related news, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the sale, the chief executive officer now directly owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP John Arthur Schweitzer sold 65,709 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $2,105,316.36. Following the transaction, the executive vice president now directly owns 496,854 shares in the company, valued at approximately $15,919,202.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Amit Walia sold 85,996 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at $86,647,149.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,600 shares of company stock worth $8,259,201. Insiders own 53.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of Informatica by 10.0% during 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. Vanguard Group Inc. boosted its holdings in shares of Informatica by 26.1% during the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock worth $150,698,000 after purchasing an additional 1,098,246 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 worth $44,473,000 after purchasing an additional 1,269,034 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of Informatica by 32.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock worth $25,525,000 after purchasing an additional 297,289 shares during the last quarter. Finally, Shannon River Fund Management LLC boosted its holdings in shares of Informatica by 10.4% during the 4th quarter. Shannon River Fund Management LLC now owns 894,928 shares of the technology company’s stock worth $25,407,000 after purchasing an additional 84,537 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.