Informatica (NYSE:INFA) Shares Gap Down to $35.19

Informatica Inc. (NYSE:INFA) gapped down prior to trading on Monday . The stock had previously closed at $35.19, but opened at $33.26. Informatica shares last traded at $31.95, with a volume of 3,651,119 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on INFA. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price target on shares of Informatica in a research report on Monday, April 15th. Guggenheim reissued a “buy” rating and set a $37.00 price objective on shares of Informatica in a research report on Tuesday. Robert W. Baird initiated coverage on shares of Informatica in a research note on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 target price for the company. Wells Fargo & Company dropped their price target on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Informatica presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.45.

Informatica Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66. The firm’s 50-day simple moving average is $34.24 and its 200 day simple moving average is $28.92.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 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 company had revenue of $445.18 million during the quarter, compared to analyst estimates of $431.51 million. Analysts forecast that Informatica Inc. will post 0.56 EPS for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Informatica

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in shares of Informatica by 4.7% during the third quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company’s stock worth $265,000 after buying an additional 562 shares in the last quarter. Handelsbanken Fonder AB boosted its position in Informatica by 4.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,864 shares of the technology company’s stock worth $507,000 after acquiring an additional 800 shares during the last quarter. Quent Capital LLC grew its stake in Informatica by 86.2% in the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,106 shares during the period. GAMMA Investing LLC purchased a new position in shares of Informatica during the 4th quarter worth $39,000. Finally, Renaissance Capital LLC increased its stake in Informatica by 5.1% in the first quarter. Renaissance Capital LLC now owns 28,526 shares of the technology company’s stock valued at $998,000 after purchasing an additional 1,373 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Company Profile

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.