Insider Selling: Informatica Inc. (NYSE:INFA) EVP Sells 10,734 Shares of Stock

Informatica Inc. (NYSE:INFA) EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the transaction, the executive vice president now owns 353,778 shares in the company, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, October 15th, John Arthur Schweitzer sold 8,501 shares of Informatica stock. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76.

Informatica Trading Up 0.2 %

Shares of INFA stock opened at $26.13 on Friday. Informatica Inc. has a 12-month low of $22.08 and a 12-month high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $26.35 and a 200-day moving average of $26.29. The firm has a market cap of $7.98 billion, a P/E ratio of 124.43, a PEG ratio of 5.68 and a beta of 1.00.

Informatica announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

INFA has been the subject of a number of analyst reports. Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Truist Financial initiated coverage on Informatica in a research note on Thursday, December 12th. They set a “buy” rating and a $34.00 price objective on the stock. UBS Group upped their target price 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.27.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in Informatica in the 2nd quarter worth about $32,000. Bank of New York Mellon Corp increased its stake in shares of Informatica by 118.9% in the second quarter. Bank of New York Mellon Corp now owns 368,242 shares of the technology company’s stock worth $11,371,000 after purchasing an additional 200,025 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Informatica by 11.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,411,822 shares of the technology company’s stock worth $43,597,000 after purchasing an additional 141,163 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Informatica in the second quarter valued at approximately $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Informatica by 47.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,040 shares of the technology company’s stock valued at $434,000 after buying an additional 4,523 shares in the last quarter. Hedge funds and other 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.