Short Interest in Informatica Inc. (NYSE:INFA) Rises By 20.1%

Informatica Inc. (NYSE:INFA) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 6,460,000 shares, a growth of 20.1% from the February 28th total of 5,380,000 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 2,300,000 shares, the short-interest ratio is presently 2.8 days.

Informatica Stock Up 0.8 %

Shares of INFA stock traded up $0.14 during trading hours on Wednesday, reaching $17.79. 1,899,021 shares of the company’s stock were exchanged, compared to its average volume of 2,073,385. The stock’s 50 day moving average is $20.88 and its 200-day moving average is $24.17. Informatica has a fifty-two week low of $16.37 and a fifty-two week high of $39.80. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 593.20, a P/E/G 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.

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). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Analysts predict that Informatica will post 0.63 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Informatica

A number of hedge funds have recently modified their holdings of INFA. California State Teachers Retirement System lifted its stake in shares of Informatica by 431.2% in the 4th quarter. California State Teachers Retirement System now owns 321,734 shares of the technology company’s stock valued at $8,343,000 after purchasing an additional 261,163 shares during the period. TFG Asset Management GP Ltd raised its stake in shares of Informatica by 50.0% during the 4th quarter. TFG Asset Management GP Ltd now owns 600,000 shares of the technology company’s stock worth $15,558,000 after buying an additional 200,000 shares during the period. Public Employees Retirement System of Ohio grew its stake in Informatica by 18.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 27,729 shares of the technology company’s stock valued at $719,000 after acquiring an additional 4,236 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Informatica by 5.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,537 shares of the technology company’s stock worth $3,955,000 after acquiring an additional 7,205 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in Informatica during the fourth quarter worth $381,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on INFA shares. Royal Bank of Canada cut Informatica from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $35.00 to $19.00 in a research note on Friday, February 14th. Baird R W lowered Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Guggenheim reiterated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a report on Friday, January 31st. The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Finally, Wedbush downgraded shares of Informatica to a “neutral” rating in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $24.67.

Informatica Company Profile

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.