Informatica (NYSE:INFA) Stock Rating Reaffirmed by Guggenheim

Informatica (NYSE:INFA)‘s stock had its “buy” rating reissued by equities researchers at Guggenheim in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $37.00 price target on the technology company’s stock. Guggenheim’s target price points to a potential upside of 15.88% from the stock’s current price.

Several other analysts have also recently weighed in on INFA. Citigroup upped their price objective on shares of Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their price objective on shares of Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Wells Fargo & Company decreased their price objective on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday. The Goldman Sachs Group raised shares of Informatica from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $44.00 in a research note on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Informatica in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Informatica currently has a consensus rating of “Moderate Buy” and an average target price of $35.45.

Informatica Stock Performance

NYSE INFA opened at $31.93 on Tuesday. The stock has a market cap of $9.42 billion, a P/E ratio of -69.41, a PEG ratio of 6.70 and a beta of 1.08. The company’s 50-day simple moving average is $34.28 and its 200 day simple moving average is $28.99. Informatica has a twelve month low of $13.29 and a twelve 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.

Informatica (NYSE:INFA) last posted its earnings results 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 business had revenue of $445.18 million during the quarter, compared to the consensus estimate 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 forecast that Informatica will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $321,233.04. Following the transaction, the chief accounting officer now directly owns 150,937 shares in the company, valued at $4,836,021.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Informatica news, EVP John Arthur Schweitzer sold 65,709 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $2,105,316.36. Following the sale, the executive vice president now directly owns 496,854 shares in the company, valued at $15,919,202.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the 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 sale, the chief accounting officer now owns 150,937 shares in the company, valued at $4,836,021.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 243,600 shares of company stock worth $8,259,201. Corporate insiders own 53.90% of the company’s stock.

Institutional Investors Weigh In On Informatica

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in shares of Informatica during the fourth quarter worth $39,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Informatica during the fourth quarter worth $46,000. Quarry LP increased its position in shares of Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after acquiring an additional 1,482 shares in the last quarter. Quent Capital LLC increased its position in shares of Informatica by 86.2% during the fourth 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 in the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in shares of Informatica during the fourth quarter worth $215,000. 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.