Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Informatica Inc shares valued at $201,588 were sold by Schweitzer John Arthur on Mar 15 ’24. At $33.87 per share, Schweitzer John Arthur sold 5,952 shares. The insider’s holdings dropped to 490,902 shares worth approximately $19.05 million following the completion of this transaction.
Also, Schweitzer John Arthur sold 65,709 shares, netting a total of over 2,105,513 in proceeds. Following the sale of shares at $32.04 each, the insider now holds 496,854 shares.
Before that, Pellowski Mark had sold 10,026 shares from its account. In a trade valued at $321,243, the CHIEF ACCOUNTING OFFICER traded Informatica Inc shares for $32.04 each. Upon closing the transaction, the insider’s holdings decreased to 10,026 shares, worth approximately $5.86 million.
As published in their initiating research note from Robert W. Baird on April 03, 2024, Informatica Inc [INFA] has been an Outperform and the price target has been revised to $43. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid February. As of November 14, 2023, DA Davidson has initiated its “Neutral” rating for INFA. Earlier on January 27, 2023, Guggenheim initiated its rating. Their recommendation was “a Buy” for INFA stock.
Analyzing INFA Stock Performance
During the last five days, there has been a surge of approximately 8.80%. Over the course of the year, Informatica Inc shares have jumped approximately 36.70%. Shares of the company reached a 52-week high of $38.82 on 04/11/24 and a 52-week low of $25.74 on 01/04/24. A 50-day SMA is recorded $33.46, while a 200-day SMA reached $25.47. Nevertheless, trading volume fell to 8.25 million shares from 2.89 million shares the previous day.
Support And Resistance Levels for Informatica Inc (INFA)
According to the 24-hour chart, there is a support level at 37.67, which, if violated, would cause prices to drop to 36.52. In the upper region, resistance lies at 39.39. The next price resistance is at 39.96. RSI (Relative Strength Index) is 73.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.79, which suggests the price will increase in the coming days. Percent R is at 0.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Informatica Inc subject to short interest?
Stocks of Informatica Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.53 million shares to 3.15 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.62 million shares. A jump of 16.83% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.34 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.34.
