The stock of Informatica Inc (NYSE:INFA) last traded at $38.81, up 2.94% from the previous session.
INFA stock price is now 16.57% away from the 50-day moving average and 53.04% away from the 200-day moving average. The market capitalization of the company currently stands at $11.45B.
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With the price target of $43, Robert W. Baird recently initiated with Outperform rating for Informatica Inc (NYSE: INFA). On February 16, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $26 to quote $44, while ‘DA Davidson’ rates the stock as ‘Neutral’
In other news, Schweitzer John Arthur, EVP & CHIEF REVENUE OFFICER sold 5,952 shares of the company’s stock on Mar 15 ’24. The stock was sold for $201,588 at an average price of $33.87. Upon completion of the transaction, the EVP & CHIEF REVENUE OFFICER now directly owns 490,902 shares in the company, valued at $19.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, EVP & CHIEF REVENUE OFFICER Schweitzer John Arthur sold 65,709 shares of the business’s stock. A total of $2,105,513 was realized by selling the stock at an average price of $32.04. This leaves the insider owning 496,854 shares of the company worth $19.28 million. A total of 56.86% of the company’s stock is owned by insiders.
During the past 12 months, Informatica Inc has had a low of $13.29 and a high of $38.58. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 1.66, and a quick ratio of 1.66. The fifty day moving average price for INFA is $33.46 and a two-hundred day moving average price translates $25.47 for the stock.
The latest earnings results from Informatica Inc (NYSE: INFA) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.32, beating analysts’ expectations of $0.3 by 0.02. This compares to -$0.02 EPS in the same period last year. The net profit margin was -7.85% and return on equity was -5.87% for INFA. The company reported revenue of $445.18 million for the quarter, compared to $398.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.63 percent. For the current quarter, analysts expect INFA to generate $387.46M in revenue.
