Citigroup Lowers Informatica (NYSE:INFA) Price Target to $28.00

Informatica (NYSE:INFA) had its price target decreased by Citigroup from $35.00 to $28.00 in a research report released on Tuesday, Benzinga reports. Citigroup currently has a neutral rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company lowered their price target on shares of Informatica from $45.00 to $40.00 and set an overweight rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada reiterated an outperform rating and set a $41.00 price objective on shares of Informatica in a research report on Thursday, May 23rd. Robert W. Baird initiated coverage on shares of Informatica in a research report on Tuesday, April 2nd. They set an outperform rating and a $43.00 price objective on the stock. Finally, Guggenheim reiterated a buy rating and set a $37.00 price objective on shares of Informatica in a research report on Tuesday, June 25th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Informatica currently has an average rating of Moderate Buy and a consensus price target of $31.92.

Informatica Price Performance

Shares of NYSE:INFA opened at $23.81 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.90. Informatica has a 1-year low of $18.71 and a 1-year high of $39.80. The company has a market capitalization of $7.03 billion, a P/E ratio of -1,190.50, a P/E/G ratio of 5.96 and a beta of 1.06. The firm’s 50 day simple moving average is $28.24 and its two-hundred day simple moving average is $30.96.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). Informatica had a net margin of 9.60% and a return on equity of 6.27%. The firm had revenue of $388.61 million for the quarter, compared to analysts’ expectations of $384.97 million. Research analysts expect that Informatica will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Informatica news, EVP Ansa Sekharan sold 95,601 shares of Informatica stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the transaction, the executive vice president now directly owns 509,381 shares of the company’s stock, valued at $14,547,921.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Informatica news, EVP Ansa Sekharan sold 95,601 shares of Informatica stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the transaction, the executive vice president now directly owns 509,381 shares of the company’s stock, valued at $14,547,921.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the transaction, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 170,128 shares of company stock worth $4,826,124. Insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. purchased a new stake in shares of Informatica during the second quarter valued at $32,000. ORG Partners LLC purchased a new stake in shares of Informatica during the first quarter valued at $43,000. GAMMA Investing LLC purchased a new stake in shares of Informatica during the fourth quarter valued at $39,000. Summit Securities Group LLC purchased a new stake in shares of Informatica during the second quarter valued at $46,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Informatica during the fourth quarter valued at $46,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Company Profile

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.