Informatica’s (INFA) Buy Rating Reaffirmed at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Informatica (NYSE:INFA) in a research note released on Tuesday, Benzinga reports. Guggenheim currently has a $37.00 price objective on the technology company’s stock.

INFA has been the topic of a number of other reports. Wells Fargo & Company cut their price objective on Informatica from $45.00 to $40.00 and set an overweight rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Informatica from $33.00 to $38.00 and gave the stock an overweight rating in a research report on Thursday, February 15th. Royal Bank of Canada restated an outperform rating and set a $41.00 price target on shares of Informatica in a research report on Monday, April 15th. Robert W. Baird assumed coverage on Informatica in a research report on Tuesday, April 2nd. They set an outperform rating and a $43.00 price target on the stock. Finally, Citigroup lifted their price target on Informatica from $28.00 to $33.00 and gave the company a neutral rating in a research report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $35.45.

Informatica Price Performance

INFA opened at $31.90 on Tuesday. Informatica has a 1 year low of $13.29 and a 1 year high of $39.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s 50 day simple moving average is $34.27 and its 200 day simple moving average is $29.03. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of -69.35, a PEG ratio of 6.80 and a beta of 1.08.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $445.18 million during the quarter, compared to the consensus estimate of $431.51 million. Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. As a group, analysts predict that Informatica will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 65,891 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $35.50, for a total value of $2,339,130.50. Following the sale, the executive vice president now directly owns 481,011 shares of the company’s stock, valued at $17,075,890.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the transaction, the chief accounting officer now owns 150,937 shares in the company, valued at $4,836,021.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 65,891 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $35.50, for a total value of $2,339,130.50. Following the completion of the transaction, the executive vice president now owns 481,011 shares of the company’s stock, valued at approximately $17,075,890.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 243,600 shares of company stock valued at $8,259,201. 53.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in shares of Informatica in the fourth quarter worth $39,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Informatica in the fourth quarter worth $46,000. Quarry LP raised its stake in shares of Informatica by 186.9% in the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,482 shares during the last quarter. Quent Capital LLC raised its stake in shares of Informatica by 86.2% in the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in Informatica during the fourth quarter valued at $215,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.