The price of Informatica Inc. (NYSE:INFA) shares last traded on Wall Street rose 1.62% to $16.95.
Based on available information, 13 analysts follow Informatica Inc. (NYSE:INFA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $15.00, we find $22.50. Given the previous closing price of $16.68, this indicates a potential upside of 34.89 percent. INFA stock price is now 1.29% away from the 50-day moving average and -13.31% away from the 200-day moving average. The market capitalization of the company currently stands at $4.72B.
Among analysts, 5 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $21.88 as their price target over the next twelve months.
With the price target of $15, Scotiabank recently initiated with Sector Perform rating for Informatica Inc. (NYSE: INFA). On January 12, 2023, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $23 to quote $18, while ‘UBS’ rates the stock as ‘Neutral’.
In other news, BROWN ERIC F, EVP & Chief Financial Officer sold 6,615 shares of the company’s stock on Nov 28. The stock was sold for $114,373 at an average price of $17.29. Upon completion of the transaction, the EVP & Chief Financial Officer now directly owns 108,437 shares in the company, valued at $1.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25, EVP & Chief Financial Officer BROWN ERIC F sold 12,453 shares of the business’s stock. A total of $216,757 was realized by selling the stock at an average price of $17.41. This leaves the insider owning 108,437 shares of the company worth $1.84 million. Insiders disposed of 418,957 shares of company stock worth roughly $7.1 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in INFA stock. A new stake in Informatica Inc. shares was purchased by JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $11,421,000. FIRST TRUST ADVISORS LP invested $2,736,000 in shares of INFA during the first quarter. In the first quarter, TEACHER RETIREMENT SYSTEM OF TEXAS acquired a new stake in Informatica Inc. valued at approximately $1,714,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in INFA for approximately $1,144,000. MCMORGAN & CO LLC purchased a new stake in INFA valued at around $1,118,000 in the second quarter. In total, there are 142 active investors with 45.50% ownership of the company’s stock.
A candlestick chart of Informatica Inc. (NYSE: INFA) showed a price of $16.79 on Friday morning. During the past 12 months, Informatica Inc. has had a low of $14.96 and a high of $30.50. As of last week, the company has a debt-to-equity ratio of 0.94, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for INFA is $16.71 and a two-hundred day moving average price translates $19.54 for the stock.
The latest earnings results from Informatica Inc. (NYSE: INFA) was released for Sep, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.17 by 0.01. This compares to $0.01 EPS in the same period last year. The net profit margin was -7.60% and return on equity was -5.80% for INFA. The company reported revenue of $371.95 million for the quarter, compared to $361.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.8 percent. For the current quarter, analysts expect INFA to generate $404.05M in revenue.
Informatica Inc.(INFA) Company Profile
Informatica Inc. develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-cloud, hybrid systems at enterprise scale in the United States. The company’s 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 products to profile, cleanse, standardize, and enrich data to deliver accurate, complete, and consistent data sets for analytics, data science, governance, and other initiatives; and master data management products to create an authoritative single source of truth of business-critical data to reduce data related errors and remove redundancies. Its platform also includes customer and business 360 products to create, visualize, and browse comprehensive 360-degree views of business-critical data; data catalog products that enables customers to quickly find, access, and understand enterprise data using a simple Google-like search experience; and governance and privacy products that help users govern data, enable compliance with regulatory and corporate policies, and drive broader data consumption. The company also offers maintenance and professional services. Informatica Inc. was founded in 1993 and is headquartered in Redwood City, California.