Informatica (NYSE:INFA) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Informatica (NYSE:INFA) in a report published on Friday, Marketbeat reports. The firm issued a neutral rating and a $29.00 price target on the technology company’s stock.

INFA has been the topic of a number of other research reports. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. 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 research note on Thursday, October 31st. Finally, Truist Financial assumed coverage on shares of Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.92.

Informatica Stock Performance

Shares of INFA opened at $24.41 on Friday. The firm’s 50 day moving average is $26.03 and its 200-day moving average is $25.66. The stock has a market capitalization of $7.45 billion, a P/E ratio of 116.22, a P/E/G ratio of 3.42 and a beta of 0.99. Informatica has a 12-month low of $22.08 and a 12-month high of $39.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica announced that its Board of Directors has authorized a stock 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 reacquire up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 353,778 shares in the company, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Mark Pellowski sold 10,035 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the transaction, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Informatica in the 4th quarter valued at $32,000. Quarry LP purchased a new position in shares of Informatica during the 3rd quarter worth $38,000. National Bank of Canada FI boosted its position in shares of Informatica by 3,288.0% during the 3rd 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 period. FNY Investment Advisers LLC purchased a new stake in Informatica during the fourth quarter worth about $54,000. Finally, Amalgamated Bank boosted its holdings 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 during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.