Informatica Inc. (NYSE:INFA) Short Interest Update

Informatica Inc. (NYSE:INFA) saw a significant increase in short interest in 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. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily volume of 2,410,000 shares, the short-interest ratio is presently 2.2 days.

Informatica Trading Up 0.1 %

Shares of INFA traded up $0.03 during trading on Thursday, reaching $18.23. 315,425 shares of the company traded hands, compared to its average volume of 2,011,857. The stock has a 50-day simple moving average of $22.18 and a 200-day simple moving average of $24.63. The stock has a market cap 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. Informatica has a twelve month low of $16.37 and a twelve month high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. On average, analysts anticipate that Informatica will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company lowered Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $19.00 target price (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Wedbush lowered shares of Informatica to a “neutral” rating in a research report on Friday, February 14th. UBS Group lowered their price target on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, February 14th. Finally, The Goldman Sachs Group cut Informatica from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Informatica has a consensus rating of “Hold” and an average price target of $24.67.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The shares were 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 trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 48.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Informatica

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Informatica by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock valued at $66,000 after acquiring an additional 667 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Informatica in the fourth quarter valued at $32,000. KBC Group NV boosted its holdings in Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,325 shares during the period. Pacer Advisors Inc. grew its stake in Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,437 shares in the last quarter. Finally, Cooper Financial Group increased its holdings in Informatica by 6.6% during the 4th quarter. Cooper Financial Group now owns 24,236 shares of the technology company’s stock worth $628,000 after purchasing an additional 1,504 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.