Informatica (NYSE:INFA) Sees Unusually-High Trading Volume – What’s Next?

Shares of Informatica Inc. (NYSE:INFA) saw unusually-high trading volume on Tuesday . Approximately 949,157 shares changed hands during trading, a decline of 46% from the previous session’s volume of 1,743,820 shares.The stock last traded at $26.50 and had previously closed at $26.37.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Citigroup reduced their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Scotiabank lowered their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. cut their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Informatica currently has an average rating of “Moderate Buy” and an average price target of $33.20.

Informatica Price Performance

The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 125.67, a PEG ratio of 5.61 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average price of $25.82 and a 200 day moving average price of $26.63.

Informatica declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares in the company, valued at approximately $3,817,875.96. This trade represents a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

Institutional Trading of Informatica

A number of large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in Informatica in the 2nd quarter valued at $32,000. Quarry LP acquired a new stake in shares of Informatica in the third quarter valued at about $38,000. National Bank of Canada FI raised its holdings in Informatica by 3,288.0% during the third 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 in the last quarter. Summit Securities Group LLC acquired a new position in Informatica during the second quarter valued at approximately $46,000. Finally, Amalgamated Bank grew its stake in Informatica by 42.1% in the second 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 in the last quarter. 98.45% of the stock is owned by institutional investors.

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.