In a filing, Informatica Inc revealed its EVP & CHIEF REVENUE OFFICER Schweitzer John Arthur unloaded Company’s shares for reported $0.11 million on Aug 16 ’24. In the deal valued at $23.85 per share,4,601 shares were sold. As a result of this transaction, Schweitzer John Arthur now holds 410,545 shares worth roughly $10.02 million.
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Then, Schweitzer John Arthur sold 3,757 shares, generating $89,326 in total proceeds. Upon selling the shares at $23.78, the EVP & CHIEF REVENUE OFFICER now owns 415,146 shares.
Before that, Pellowski Mark sold 10,026 shares. Informatica Inc shares valued at $238,138 were divested by the CHIEF ACCOUNTING OFFICER at a price of $23.75 per share. As a result of the transaction, Pellowski Mark now holds 142,671 shares, worth roughly $3.48 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 -2.01% to $24.41. Over the last five days, the stock has lost -1.65%. Informatica Inc shares have fallen nearly -14.02% since the year began. Nevertheless, the stocks have risen 16.52% over the past one year. While a 52-week high of $39.80 was reached on 04/12/24, a 52-week low of $18.71 was recorded on 08/05/24. SMA at 50 days reached $25.92, while 200 days put it at $29.40.
Levels Of Support And Resistance For INFA Stock
The 24-hour chart illustrates a support level at 24.11, which if violated will result in even more drops to 23.81. On the upside, there is a resistance level at 24.88. A further resistance level may holdings at 25.34. The Relative Strength Index (RSI) on the 14-day chart is 46.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.22%. Stochastics %K at 50.66% indicates the stock is a holding.
How much short interest is there in Informatica Inc?
A steep rise in short interest was recorded in Informatica Inc stocks on 2024-08-15, dropping by -2.39 million shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.74 million shares. There was a decline of -71.37%, which implies that there is a negative sentiment for the stock.
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.
