Informatica Inc’s filing revealed that its EVP & CHIEF REVENUE OFFICER Schweitzer John Arthur unloaded Company’s shares for reported $0.2 million on Mar 15 ’24. In the deal valued at $33.87 per share,5,952 shares were sold. As a result of this transaction, Schweitzer John Arthur now holds 490,902 shares worth roughly $18.78 million.
Then, Schweitzer John Arthur sold 65,709 shares, generating $2,105,513 in total proceeds. Upon selling the shares at $32.04, the EVP & CHIEF REVENUE OFFICER now owns 496,854 shares.
Before that, Pellowski Mark sold 10,026 shares. Informatica Inc shares valued at $321,243 were divested by the CHIEF ACCOUNTING OFFICER at a price of $32.04 per share. As a result of the transaction, Pellowski Mark now holds 150,937 shares, worth roughly $5.77 million.
Robert W. Baird initiated its Informatica Inc [INFA] rating to an Outperform in a research note published on April 03, 2024; the price target was $43. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Buy”. DA Davidson began covering INFA with “Neutral” recommendation on November 14, 2023. Guggenheim started covering the stock on January 27, 2023. It rated INFA as “a Buy”.
Price Performance Review of INFA
On Monday, Informatica Inc [NYSE:INFA] saw its stock jump 4.34% to $38.25. Over the last five days, the stock has gained 8.66%. Informatica Inc shares have risen nearly 34.73% since the year began. Nevertheless, the stocks have risen 142.55% over the past one year. While a 52-week high of $36.87 was reached on 04/08/24, a 52-week low of $13.29 was recorded on 01/04/24. SMA at 50 days reached $32.99, while 200 days put it at $25.16. A total of 2.6 million shares were traded, compared to the trading of 1.67 million shares in the previous session.
Levels Of Support And Resistance For INFA Stock
The 24-hour chart illustrates a support level at 37.17, which if violated will result in even more drops to 36.09. On the upside, there is a resistance level at 38.82. A further resistance level may holdings at 39.39. The Relative Strength Index (RSI) on the 14-day chart is 74.22, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.32%. Stochastics %K at 86.37% indicates the stock is a selling.
How much short interest is there in Informatica Inc?
A steep rise in short interest was recorded in Informatica Inc stocks on Mar 15, 2024, growing by 0.53 million shares to a total of 3.15 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.62 million shares. There was a rise of 16.83%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.15% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.34.
The most recent change occurred on January 18, 2023 when Scotiabank began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $15 price target.
