Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer Sells 65,891 Shares

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 65,891 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the completion of the sale, the executive vice president now directly owns 481,011 shares in the company, valued at $17,075,890.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

John Arthur Schweitzer also recently made the following trade(s):

• On Friday, March 15th, John Arthur Schweitzer sold 5,952 shares of Informatica stock. The shares were sold at an average price of $33.87, for a total transaction of $201,594.24.
• On Thursday, March 7th, John Arthur Schweitzer sold 65,709 shares of Informatica stock. The shares were sold at an average price of $32.04, for a total transaction of $2,105,316.36.

Informatica Stock Down 0.9 %

Informatica stock traded down $0.32 during midday trading on Wednesday, hitting $34.70. The stock had a trading volume of 1,817,132 shares, compared to its average volume of 1,674,932. The firm’s fifty day moving average is $33.99 and its two-hundred day moving average is $28.55. Informatica Inc. has a 52-week low of $13.29 and a 52-week high of $39.80. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82.

Informatica (NYSE:INFA) last released its 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). The firm had revenue of $445.18 million during the quarter, compared to analysts’ expectations of $431.51 million. Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. On average, equities analysts expect that Informatica Inc. will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Informatica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in Informatica during the 4th quarter valued at approximately $25,000. MetLife Investment Management LLC purchased a new stake in Informatica during the 1st quarter valued at approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Informatica during the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC purchased a new stake in Informatica during the 4th quarter valued at approximately $39,000. Finally, First Manhattan Co. purchased a new stake in Informatica during the 1st quarter valued at approximately $39,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on INFA shares. JPMorgan Chase & Co. increased their price objective on shares of Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price objective on shares of Informatica in a research report on Monday. Robert W. Baird assumed coverage on shares of Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective on the stock. Citigroup upped their target price on shares of Informatica from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, UBS Group upped their target price on shares of Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.78.

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.