By otakuyassine3@gmail.com 
Informatica Inc. (NYSE:INFA – Get Free Report) CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. This trade represents a 6.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Mark Pellowski also recently made the following trade(s):
- On Tuesday, October 15th, Mark Pellowski sold 10,026 shares of Informatica stock. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76.
Informatica Trading Down 3.3 %
Shares of NYSE:INFA traded down $0.90 during mid-day trading on Wednesday, hitting $26.14. The company had a trading volume of 1,569,462 shares, compared to its average volume of 1,780,112. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica Inc. has a one year low of $22.08 and a one year high of $39.80. The firm has a fifty day moving average price of $26.34 and a 200 day moving average price of $26.29. The company has a market capitalization of $7.98 billion, a PE ratio of 124.48, a price-to-earnings-growth ratio of 5.68 and a beta of 1.00.
Informatica declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Truist Financial began coverage on Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target for the company. JPMorgan Chase & Co. reduced their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Guggenheim restated a “buy” rating on shares of Informatica in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Informatica currently has an average rating of “Moderate Buy” and an average target price of $33.27.
Read Our Latest Stock Analysis on INFA
Hedge Funds Weigh In On Informatica
A number of institutional investors and hedge funds have recently made changes to their positions in INFA. First Horizon Advisors Inc. acquired a new position in Informatica during the second quarter worth $32,000. Quarry LP bought a new stake in shares of Informatica during the third quarter worth about $38,000. National Bank of Canada FI raised its holdings in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,644 shares during the last quarter. Summit Securities Group LLC acquired a new position in Informatica during the 2nd quarter valued at about $46,000. Finally, Amalgamated Bank boosted its stake in Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.
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.
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