Informatica (NYSE:INFA) Given New $34.00 Price Target at JPMorgan Chase & Co.

Informatica (NYSE:INFA) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $38.00 to $34.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 25.93% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. UBS Group dropped their price objective on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Robert W. Baird dropped their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Wells Fargo & Company lowered their price target on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a report on Friday, October 18th. Finally, Scotiabank lowered their price target on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Informatica has an average rating of “Moderate Buy” and a consensus price target of $32.18.

Informatica Trading Up 1.3 %

INFA stock traded up $0.35 on Friday, hitting $27.00. 283,250 shares of the company were exchanged, compared to its average volume of 1,663,473. Informatica has a twelve month low of $18.71 and a twelve month high of $39.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. The business’s fifty day moving average is $25.30 and its two-hundred day moving average is $27.85. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of -1,350.00, a price-to-earnings-growth ratio of 5.20 and a beta of 1.06.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The firm had revenue of $400.63 million during the quarter, compared to analyst estimates of $402.97 million. During the same quarter in the prior year, the business posted $0.02 earnings per share. Informatica’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts forecast that Informatica will post 0.5 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the transaction, the chief accounting officer now directly owns 142,671 shares in the company, valued at approximately $3,817,875.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INFA. First Horizon Advisors Inc. acquired a new position in shares of Informatica in the 2nd quarter worth approximately $32,000. ORG Partners LLC acquired a new position in shares of Informatica in the 1st quarter worth approximately $43,000. Summit Securities Group LLC acquired a new position in shares of Informatica in the 2nd quarter worth approximately $46,000. Amalgamated Bank grew its stake in shares of Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after purchasing an additional 1,037 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Informatica by 11.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock worth $201,000 after purchasing an additional 810 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

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.