Informatica (NYSE:INFA) Reaches New 12-Month Low – Should You Sell?

Informatica Inc. (NYSE:INFA) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $16.25 and last traded at $16.60, with a volume of 406127 shares. The stock had previously closed at $16.96.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bank of America cut shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Wells Fargo & Company cut Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Baird R W downgraded Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. UBS Group reduced their price target on Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Finally, Truist Financial reaffirmed a “buy” rating and set a $24.00 price objective (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $24.67.

Informatica Price Performance

The stock has a market cap of $5.05 billion, a PE ratio of 556.69, a PEG ratio of 4.44 and a beta of 1.06. The firm’s 50-day moving average price is $20.57 and its two-hundred day moving average price is $24.05. 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 (NYSE:INFA) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. On average, equities analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 48.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Informatica

A number of large investors have recently made changes to their positions in INFA. Charles Schwab Investment Management Inc. increased its position in Informatica by 62.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after buying an additional 237,876 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Informatica by 21.0% during the fourth quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company’s stock valued at $534,000 after acquiring an additional 3,575 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after purchasing an additional 2,662,379 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after purchasing an additional 1,324,006 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after purchasing an additional 311,003 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

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.