Informatica (NYSE:INFA) Sees Unusually-High Trading Volume – What’s Next?

Informatica Inc. (NYSE:INFA) shares saw unusually-strong trading volume on Tuesday . Approximately 949,157 shares changed hands during trading, a decline of 46% from the previous session’s volume of 1,743,820 shares.The stock last traded at $26.50 and had previously closed at $26.37.

Wall Street Analyst Weigh In

INFA has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Guggenheim reissued a “buy” rating on shares of Informatica in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Scotiabank decreased their price target on Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Informatica currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

Informatica Stock Down 0.8 %

The firm has a market cap of $8.06 billion, a P/E ratio of 125.67, a price-to-earnings-growth ratio of 5.61 and a beta of 1.04. The firm’s 50 day moving average is $25.85 and its two-hundred day moving average is $26.61. 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 declared that its board has initiated a share repurchase plan on Wednesday, October 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at $3,817,875.96. This trade represents a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 8,501 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of INFA. First Horizon Advisors Inc. acquired a new position in Informatica during the 2nd quarter worth approximately $32,000. Quarry LP bought a new stake in shares of Informatica in the third quarter worth $38,000. National Bank of Canada FI boosted its holdings in Informatica by 3,288.0% during the third 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 last quarter. Summit Securities Group LLC bought a new position in Informatica in the second quarter valued at $46,000. Finally, Amalgamated Bank increased its stake in Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after buying an additional 1,037 shares during the last quarter. 98.45% of the stock is currently owned by 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.