In yesterday’s Wall Street session, Informatica Inc (NYSE:INFA) shares traded at $24.53, up 0.12% from the previous session.
14 analysts cover Informatica Inc (NYSE:INFA), according to research data. 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 $21.00, we find $24.00. Given the previous closing price of $24.50, this indicates a potential downside of -2.04 percent. INFA stock price is now 14.17% away from the 50-day moving average and 31.50% away from the 200-day moving average. The market capitalization of the company currently stands at $7.14B.
The stock has received a hold rating from 5 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $24.64 as their price target over the next twelve months.
With the price target of $25, DA Davidson recently initiated with Neutral rating for Informatica Inc (NYSE: INFA).
In other news, Schweitzer John Arthur, EVP & Chief Revenue Officer sold 75,567 shares of the company’s stock on Nov 17. The stock was sold for $1,849,653 at an average price of $24.48. Upon completion of the transaction, the EVP & Chief Revenue Officer now directly owns 291,651 shares in the company, valued at $7.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Chief Executive Officer Walia Amit sold 64,417 shares of the business’s stock. A total of $1,588,523 was realized by selling the stock at an average price of $24.66. This leaves the insider owning 1,487,473 shares of the company worth $36.49 million. Insiders disposed of 783,185 shares of company stock worth roughly $19.21 million over the past 1 year. A total of 57.32% of the company’s stock is owned by insiders.
On Wednesday morning Informatica Inc (NYSE: INFA) stock kicked off with the opening price of $24.70. During the past 12 months, Informatica Inc has had a low of $13.29 and a high of $25.16. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 1.66, and a quick ratio of 1.45. The fifty day moving average price for INFA is $21.49 and a two-hundred day moving average price translates $18.65 for the stock.
The latest earnings results from Informatica Inc (NYSE: INFA) was released for Sep, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.27, beating analysts’ expectations of $0.23 by 0.04. This compares to -$0.06 EPS in the same period last year. The net profit margin was -12.52% and return on equity was -9.67% for INFA. The company reported revenue of $408.56 million for the quarter, compared to $371.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.84 percent. For the current quarter, analysts expect INFA to generate $431.9M 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; and master data management products to create an authoritative single source of truth of business-critical data. Its platform also includes customer and business 360 application that allow business analysts to create comprehensive 360-degree views of business data domains like customer, product, supplier, reference, and finance with simplified business user experiences; 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 industry and corporate policies. The company also offers maintenance and professional services. Informatica Inc. was founded in 1993 and is headquartered in Redwood City, California.
