John Arthur Schweitzer Sells 10,734 Shares of Informatica Inc. (NYSE:INFA) Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the sale, the executive vice president now owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, October 15th, John Arthur Schweitzer sold 8,501 shares of Informatica stock. The stock was sold at an average price of $26.76, for a total value of $227,486.76.

Informatica Price Performance

INFA stock traded down $0.90 during mid-day trading on Wednesday, hitting $26.14. 1,569,462 shares of the stock were exchanged, compared to its average volume of 1,780,112. The business has a fifty day moving average price of $26.34 and a 200 day moving average price of $26.29. Informatica Inc. has a 12 month low of $22.08 and a 12 month high of $39.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 124.48, a PEG ratio of 5.68 and a beta of 1.00.

Informatica announced that its board has authorized a share repurchase plan on Wednesday, October 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to purchase up to 5.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Informatica

A number of institutional investors have recently made changes to their positions in INFA. Oddo BHF Asset Management Sas bought a new stake in shares of Informatica in the third quarter worth $1,394,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Informatica during the third quarter valued at approximately $1,613,000. Geode Capital Management LLC lifted its stake in shares of Informatica by 34.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after buying an additional 311,003 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Informatica in the 3rd quarter worth $396,000. Finally, XTX Topco Ltd bought a new stake in Informatica during the 3rd quarter valued at approximately $325,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INFA. UBS Group boosted their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Guggenheim reiterated a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Finally, Truist Financial started coverage on shares of Informatica in a report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.27.

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.