Informatica Inc. (NYSE:INFA) CAO Sells $271,547.10 in Stock

by · The Markets Daily

Informatica Inc. (NYSE:INFA – Get Free Report) CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This represents a 6.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 value of $268,295.76.

Informatica Price Performance

Shares of NYSE:INFA opened at $26.86 on Friday. 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 stock has a market cap of $8.20 billion, a PE ratio of 127.91, a PEG ratio of 5.68 and a beta of 1.00. The company’s fifty day moving average is $26.36 and its 200 day moving average is $26.28. Informatica Inc. has a 52 week low of $22.08 and a 52 week high of $39.80.

Informatica declared that its board has approved a stock buyback program on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Informatica

A number of hedge funds and other institutional investors have recently modified their holdings of INFA. First Horizon Advisors Inc. bought a new position in Informatica during the 2nd quarter worth approximately $32,000. Quarry LP purchased a new stake in shares of Informatica during the third quarter valued at approximately $38,000. National Bank of Canada FI grew its holdings in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,644 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Informatica in the second quarter worth $46,000. Finally, Amalgamated Bank raised its holdings 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 buying an additional 1,037 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Truist Financial initiated coverage on shares of Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target for the company. UBS Group raised their price objective on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Guggenheim reiterated a “buy” rating on shares of Informatica in a research 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. Based on data from MarketBeat, Informatica currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.27.

Check Out Our Latest Analysis on Informatica

About Informatica

(Get Free Report)

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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