In yesterday’s Wall Street session, Informatica Inc (NYSE:INFA) shares traded at $25.01, down -1.22% from the previous session.
INFA stock price is now -15.06% away from the 50-day moving average and -13.52% away from the 200-day moving average. The market capitalization of the company currently stands at $7.49B.
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With the price target of $43, Robert W. Baird recently initiated with Outperform rating for Informatica Inc (NYSE: INFA). On February 16, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $26 to quote $44, while ‘DA Davidson’ rates the stock as ‘Neutral’
In other news, Schweitzer John Arthur, EVP & CHIEF REVENUE OFFICER sold 64,501 shares of the company’s stock on Jul 15 ’24. The stock was sold for $1,817,515 at an average price of $28.18. Upon completion of the transaction, the EVP & CHIEF REVENUE OFFICER now directly owns 437,348 shares in the company, valued at $10.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 15 ’24, CHIEF ACCOUNTING OFFICER Pellowski Mark sold 10,026 shares of the business’s stock. A total of $278,079 was realized by selling the stock at an average price of $27.74. This leaves the insider owning 146,804 shares of the company worth $3.67 million. A total of 49.81% of the company’s stock is owned by insiders.
During the past 12 months, Informatica Inc has had a low of $18.18 and a high of $39.80. As of last week, the company has a debt-to-equity ratio of 0.83, a current ratio of 1.81, and a quick ratio of 1.81. The fifty day moving average price for INFA is $29.3526 and a two-hundred day moving average price translates $29.3393 for the stock.
The latest earnings results from Informatica Inc (NYSE: INFA) was released for 2024-03-31. The net profit margin was 0.03% and return on equity was 0.02% for INFA. The company reported revenue of $388.61 million for the quarter, compared to $365.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.34 percent.
