Mark Pellowski Sells 10,035 Shares of Informatica Inc. (NYSE:INFA) Stock

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the transaction, the chief accounting officer now owns 138,477 shares in the company, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mark Pellowski also recently made the following trade(s):

• On Tuesday, October 15th, Mark Pellowski sold 10,026 shares of Informatica stock. The shares were sold at an average price of $26.76, for a total value of $268,295.76.

Informatica Price Performance

Informatica stock opened at $26.13 on Friday. The stock has a market cap of $7.98 billion, a P/E ratio of 124.43, a price-to-earnings-growth ratio of 5.68 and a beta of 1.00. The company has a fifty day simple moving average of $26.35 and a 200-day simple moving average of $26.29. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 12-month low of $22.08 and a 12-month high of $39.80.

Informatica declared that its board has initiated a stock buyback program on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INFA. Allspring Global Investments Holdings LLC boosted its holdings in Informatica by 398.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock valued at $178,046,000 after purchasing an additional 5,631,139 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after buying an additional 2,662,379 shares during the last quarter. Fiera Capital Corp boosted its holdings in shares of Informatica by 439.2% in the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock valued at $48,006,000 after buying an additional 1,266,265 shares in the last quarter. Nippon Life Global Investors Americas Inc. purchased a new position in shares of Informatica in the 2nd quarter valued at $10,806,000. Finally, Geode Capital Management LLC grew its position in shares of Informatica by 34.5% in 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 during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.