Informatica Inc. (NYSE:INFA) Sees Significant Increase in Short Interest

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

Analyst Ratings Changes

INFA has been the topic of several recent analyst reports. Bank of America downgraded Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Royal Bank of Canada downgraded Informatica from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $35.00 to $19.00 in a research note on Friday, February 14th. Baird R W downgraded Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $19.00 target price (down from $35.00) on shares of Informatica 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.67.

Informatica Price Performance

NYSE:INFA traded down $0.06 on Tuesday, reaching $18.36. 2,289,955 shares of the company’s stock traded hands, compared to its average volume of 2,017,598. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a 50-day simple moving average of $22.33 and a 200-day simple moving average of $24.67. The firm has a market cap of $5.56 billion, a PE ratio of 612.17, a P/E/G ratio of 4.44 and a beta of 1.04. Informatica has a 12 month low of $16.37 and a 12 month high of $39.80.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 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 the consensus estimate of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Equities research analysts forecast that Informatica will post 0.63 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 48.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Informatica

Large investors have recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in shares of Informatica in the fourth quarter worth about $32,000. Quarry LP bought a new stake in shares of Informatica in the third quarter worth about $38,000. National Bank of Canada FI increased its holdings in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,644 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Informatica in the fourth quarter worth about $43,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Informatica in the fourth quarter worth about $54,000. 98.45% of the stock is owned by institutional investors.

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.