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

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

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

Informatica Stock Performance

INFA stock opened at $23.81 on Tuesday. Informatica has a twelve month low of $18.71 and a twelve month high of $39.80. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The business’s fifty day simple moving average is $28.24 and its two-hundred day simple moving average is $30.96. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of -1,190.50, a PEG ratio of 5.96 and a beta of 1.06.

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

Insider Transactions at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the transaction, the chief accounting officer now directly owns 146,804 shares in the company, valued at $4,072,342.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Ansa Sekharan sold 95,601 shares of Informatica stock in a transaction that occurred on Wednesday, June 5th. The stock was 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 in the company, valued at $14,547,921.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the transaction, the chief accounting officer now owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The disclosure for this sale can be found here. Insiders sold a total of 170,128 shares of company stock worth $4,826,124 over the last three months. 48.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INFA. Vanguard Group Inc. raised its position in Informatica by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock valued at $88,702,000 after acquiring an additional 42,582 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Informatica by 37.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock valued at $3,761,000 after purchasing an additional 35,788 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Informatica in the fourth quarter valued at approximately $46,000. Vontobel Holding Ltd. acquired a new stake in Informatica in the fourth quarter valued at approximately $1,152,000. Finally, Strs Ohio acquired a new stake in Informatica in the fourth quarter valued at approximately $1,236,000. 98.45% of the stock is currently owned by hedge funds and other 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.