Informatica Inc. (NYSE:INFA) Short Interest Update

Informatica Inc. (NYSE:INFA) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 5,380,000 shares, an increase of 20.1% from the February 13th total of 4,480,000 shares. Based on an average trading volume of 2,410,000 shares, the short-interest ratio is presently 2.2 days. Currently, 3.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, February 14th. Truist Financial reiterated a “buy” rating and set a $24.00 price objective (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th. Wells Fargo & Company lowered shares of Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Cantor Fitzgerald started coverage on shares of Informatica in a research note on Friday, January 17th. They set a “neutral” rating and a $29.00 price target for the company. Finally, Royal Bank of Canada downgraded shares of Informatica from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $35.00 to $19.00 in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.67.

Informatica Stock Up 0.1 %

Shares of INFA traded up $0.03 during trading hours on Thursday, hitting $18.23. The company had a trading volume of 315,425 shares, compared to its average volume of 2,011,857. The company has a market capitalization of $5.51 billion, a PE ratio of 607.84, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The company’s fifty day moving average price is $22.18 and its two-hundred day moving average price is $24.63. Informatica has a one year low of $16.37 and a one year high of $39.80.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The business had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. As a group, equities analysts forecast that Informatica will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 48.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Informatica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFA. Charles Schwab Investment Management Inc. grew its holdings in Informatica by 62.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after acquiring an additional 237,876 shares during the period. Summit Partners Public Asset Management LLC acquired a new stake in shares of Informatica during the 3rd quarter worth approximately $2,781,000. Wellington Management Group LLP increased its holdings in Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after buying an additional 2,662,379 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after buying an additional 1,324,006 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after buying an additional 311,003 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

About Informatica

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.