Insider Selling: Informatica Inc. (NYSE:INFA) EVP Sells 10,734 Shares of Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the sale, the executive vice president now directly owns 353,778 shares in the company, valued at approximately $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 Stock Down 3.6 %

Shares of NYSE:INFA opened at $26.07 on Thursday. The company has a 50-day moving average price of $26.35 and a 200 day moving average price 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. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 124.15, a PEG ratio of 5.68 and a beta of 1.00.

Informatica announced that its Board of Directors has authorized a stock buyback plan on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Informatica

A number of large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after purchasing an additional 2,662,379 shares during the period. Allspring Global Investments Holdings LLC raised its position in Informatica by 398.9% during the 3rd 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. Fiera Capital Corp grew its position in shares of Informatica by 439.2% during the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock worth $48,006,000 after buying an additional 1,266,265 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after acquiring an additional 311,003 shares in the last quarter. Finally, State Street Corp grew its holdings in Informatica by 25.1% during the 3rd quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock worth $26,570,000 after acquiring an additional 210,843 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INFA. Guggenheim restated a “buy” rating on shares of Informatica in a report on Friday, October 18th. Truist Financial started coverage on shares of Informatica in a report on Thursday, December 12th. They issued a “buy” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group boosted their price target on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Informatica 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.