John Arthur Schweitzer Sells 65,891 Shares of Informatica Inc. (NYSE:INFA) Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 65,891 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.50, for a total transaction 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 approximately $17,075,890.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, March 15th, John Arthur Schweitzer sold 5,952 shares of Informatica stock. The stock was sold at an average price of $33.87, for a total transaction of $201,594.24.
• On Thursday, March 7th, John Arthur Schweitzer sold 65,709 shares of Informatica stock. The stock was sold at an average price of $32.04, for a total transaction of $2,105,316.36.

Informatica Trading Down 0.9 %

NYSE INFA traded down $0.32 on Wednesday, hitting $34.70. The company’s stock had a trading volume of 1,817,132 shares, compared to its average volume of 1,674,932. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. Informatica Inc. has a 1-year low of $13.29 and a 1-year high of $39.80. The company’s 50-day moving average is $33.99 and its 200 day moving average is $28.55.

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

Analysts Set New Price Targets

INFA has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price objective on shares of Informatica in a research note on Monday. The Goldman Sachs Group raised shares of Informatica from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $44.00 in a research note on Friday, February 16th. Finally, Robert W. Baird started coverage on shares of Informatica in a research note on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.78.

Institutional Investors Weigh In On Informatica

Several large investors have recently modified their holdings of INFA. Advisor Group Holdings Inc. increased its position in shares of Informatica by 45.3% during the first quarter. Advisor Group Holdings Inc. now owns 5,042 shares of the technology company’s stock worth $99,000 after buying an additional 1,572 shares during the period. JPMorgan Chase & Co. increased its position in shares of Informatica by 10.7% during the first quarter. JPMorgan Chase & Co. now owns 15,001 shares of the technology company’s stock worth $296,000 after buying an additional 1,451 shares during the period. Citigroup Inc. grew its holdings in Informatica by 1,144.3% in the first quarter. Citigroup Inc. now owns 23,380 shares of the technology company’s stock worth $462,000 after purchasing an additional 21,501 shares during the period. MetLife Investment Management LLC acquired a new stake in Informatica in the first quarter worth $34,000. Finally, Ergoteles LLC acquired a new stake in Informatica in the first quarter worth $304,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.