Informatica (NYSE:INFA) Price Target Lowered to $38.00 at The Goldman Sachs Group

Informatica (NYSE:INFA) had its price target trimmed by The Goldman Sachs Group from $44.00 to $38.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other analysts also recently weighed in on INFA. Guggenheim reissued a buy rating and set a $37.00 target price on shares of Informatica in a research report on Tuesday, June 25th. Royal Bank of Canada reissued an outperform rating and set a $41.00 target price on shares of Informatica in a research report on Thursday, May 23rd. Citigroup decreased their target price on shares of Informatica from $35.00 to $28.00 and set a neutral rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their target price on shares of Informatica from $45.00 to $40.00 and set an overweight rating for the company in a research report on Tuesday, April 23rd. Finally, Robert W. Baird decreased their target price on shares of Informatica from $43.00 to $35.00 and set an outperform rating for the company in a research report on Wednesday. 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, the company presently has a consensus rating of Moderate Buy and a consensus price target of $31.55.

Informatica Trading Down 0.5 %

Informatica stock opened at $23.95 on Wednesday. The business has a 50 day moving average of $28.47 and a 200-day moving average of $31.06. Informatica has a 1 year low of $18.18 and a 1 year high of $39.80. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

Informatica (NYSE:INFA) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). Informatica had a net margin of 9.60% and a return on equity of 6.27%. The firm had revenue of $388.61 million during the quarter, compared to analyst estimates of $384.97 million. On average, analysts anticipate that Informatica will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.74, for a total value of $278,121.24. Following the transaction, the chief accounting officer now directly owns 146,804 shares in the company, valued at approximately $4,072,342.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP John Arthur Schweitzer sold 64,501 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the completion of the sale, the executive vice president now directly owns 437,348 shares of the company’s stock, valued at approximately $12,324,466.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the sale, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The disclosure for this sale can be found here. Insiders have sold a total of 170,128 shares of company stock worth $4,826,124 in the last ninety days. Corporate insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several large investors have recently made changes to their positions in INFA. Jericho Capital Asset Management L.P. purchased a new stake in shares of Informatica during the 1st quarter valued at $52,045,000. Allspring Global Investments Holdings LLC increased its holdings in Informatica by 78,094.4% in 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 acquiring an additional 1,269,034 shares during the last quarter. Vanguard Group Inc. increased its holdings in Informatica by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock worth $150,698,000 after acquiring an additional 1,098,246 shares during the last quarter. Wellington Management Group LLP increased its holdings in Informatica by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock worth $275,966,000 after acquiring an additional 883,642 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Informatica by 118.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 368,242 shares of the technology company’s stock worth $11,371,000 after acquiring an additional 200,025 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.