Informatica (INFA) to Release Quarterly Earnings on Thursday

Informatica (NYSE:INFA) is projected to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect Informatica to post earnings of $0.38 per share and revenue of $457.04 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Informatica Stock Performance

Shares of NYSE:INFA opened at $26.04 on Thursday. The stock has a market capitalization of $7.95 billion, a P/E ratio of 123.98, a P/E/G ratio of 3.63 and a beta of 0.99. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica has a 1-year low of $22.08 and a 1-year high of $39.80. The business has a 50-day moving average price of $25.94 and a two-hundred day moving average price of $25.45.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Informatica in a research note on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective on the stock. Truist Financial assumed coverage on Informatica in a report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target for the company. Guggenheim restated a “buy” rating and set a $37.00 target price on shares of Informatica in a report on Friday, January 31st. UBS Group upped their price target on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.92.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Mark Pellowski sold 10,035 shares of the company’s 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 completion of the transaction, the chief accounting officer now directly owns 138,477 shares in the company, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 48.10% 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.