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Insider Sale Alert: Informatica Inc [INFA] – Is it Time to sell?

Informatica Inc’s filing revealed that its EVP & CHIEF REVENUE OFFICER Schweitzer John Arthur unloaded Company’s shares for reported $1.82 million on Jul 15 ’24. In the deal valued at $28.18 per share,64,501 shares were sold. As a result of this transaction, Schweitzer John Arthur now holds 437,348 shares worth roughly $10.53 million.

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Then, Pellowski Mark sold 10,026 shares, generating $278,079 in total proceeds. Upon selling the shares at $27.74, the CHIEF ACCOUNTING OFFICER now owns 146,804 shares.

Before that, Schweitzer John Arthur sold 64,358 shares. Informatica Inc shares valued at $1,918,448 were divested by the EVP & CHIEF REVENUE OFFICER at a price of $29.81 per share. As a result of the transaction, Schweitzer John Arthur now holds 445,849 shares, worth roughly $10.73 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 Tuesday, Informatica Inc [NYSE:INFA] saw its stock fall -1.23% to $24.07. Over the last five days, the stock has lost -3.37%. Informatica Inc shares have fallen nearly -15.22% since the year began. Nevertheless, the stocks have risen 29.34% over the past one year. While a 52-week high of $39.80 was reached on 04/12/24, a 52-week low of $18.18 was recorded on 07/25/24. SMA at 50 days reached $28.48, while 200 days put it at $29.07. A total of 1.87 million shares were traded, compared to the trading of 2.04 million shares in the previous session.

Levels Of Support And Resistance For INFA Stock

The 24-hour chart illustrates a support level at 23.75, which if violated will result in even more drops to 23.42. On the upside, there is a resistance level at 24.56. A further resistance level may holdings at 25.04. The Relative Strength Index (RSI) on the 14-day chart is 25.20, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.47%. Stochastics%K at 10.37% indicates the stock is a buying.

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.

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