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Potential Price Increase for Informatica Inc (INFA) After Recent Insider Activity

In a filing, Informatica Inc revealed its CHIEF ACCOUNTING OFFICER Pellowski Mark unloaded Company’s shares for reported $0.27 million on Oct 15 ’24. In the deal valued at $26.76 per share,10,026 shares were sold. As a result of this transaction, Pellowski Mark now holds 142,671 shares worth roughly $3.83 million.

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Then, Schweitzer John Arthur sold 8,501 shares, generating $227,495 in total proceeds. Upon selling the shares at $26.76, the EVP & CHIEF REVENUE OFFICER now owns 393,686 shares.

Before that, JOHN SCHWEITZER bought 8,501 shares. Informatica Inc shares valued at $227,402 were divested by the Officer at a price of $26.75 per share.

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 fall -0.04% to $26.82. Over the last five days, the stock has gained 0.26%. Informatica Inc shares have fallen nearly -5.53% since the year began. Nevertheless, the stocks have risen 29.82% 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 $25.09, while 200 days put it at $29.16.

Levels Of Support And Resistance For INFA Stock

The 24-hour chart illustrates a support level at 26.51, which if violated will result in even more drops to 26.21. On the upside, there is a resistance level at 27.09. A further resistance level may holdings at 27.36. The Relative Strength Index (RSI) on the 14-day chart is 64.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.01%. Stochastics %K at 91.48% 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 2024-09-30, growing by 0.8 million shares to a total of 3.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.13 million shares. There was a rise of 20.31%, which implies that there is a positive 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.

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