Informatica Inc. (NYSE:INFA) CAO Mark Pellowski Sells 10,035 Shares

Informatica Inc. (NYSE:INFA) CAO Mark Pellowski sold 10,035 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares in the company, valued at $3,747,187.62. The trade was a 6.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Stock Performance

Shares of INFA opened at $26.07 on Thursday. The firm has a market capitalization of $7.96 billion, a P/E ratio of 124.15, a PEG ratio of 5.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The business has a fifty day moving average of $26.35 and a 200 day moving average of $26.29. Informatica Inc. has a one year low of $22.08 and a one year high of $39.80.

Informatica declared that its board has initiated a share repurchase program 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 programs are typically an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Informatica

Several large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. purchased a new position in shares of Informatica during the 2nd quarter worth $32,000. Quarry LP purchased a new position in shares of Informatica during the 3rd quarter valued at $38,000. National Bank of Canada FI boosted its holdings in 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 buying an additional 1,644 shares during the period. Summit Securities Group LLC bought a new stake in Informatica during the second quarter valued at about $46,000. Finally, Amalgamated Bank lifted its position in shares of 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 acquiring an additional 1,037 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INFA has been the subject of several analyst reports. Truist Financial initiated coverage on Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target for the company. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a report on Friday, October 18th. 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. reduced their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Informatica has an average rating of “Moderate Buy” and a consensus price target of $33.27.

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.