In a report released today, Patrick Colville from Scotiabank reiterated a Hold rating on Informatica (INFA – Research Report), with a price target of $37.00. The company’s shares closed yesterday at $30.13.
Colville covers the Technology sector, focusing on stocks such as Zscaler, Check Point, and Okta. According to TipRanks, Colville has an average return of 5.4% and a 53.91% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Informatica with a $33.56 average price target, representing an 11.38% upside. In a report released on February 11, Citi also maintained a Hold rating on the stock with a $33.00 price target.
See the top stocks recommended by analysts >>
Based on Informatica’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $408.56 million and a net profit of $79.28 million. In comparison, last year the company earned a revenue of $371.95 million and had a GAAP net loss of $15.6 million
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INFA in relation to earlier this year. Most recently, in December 2023, Ansa Sekharan, the EVP & Chief Customer Officer of INFA sold 150,841.00 shares for a total of $4,117,277.35.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Informatica (INFA) Company Description:
Informatica Inc is a pioneered a new category of software, the Intelligent Data Management Cloud, or IDMC. IDMC is a AI-powered platform that connects, manages, and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance data strategies.
Read More on INFA:
