Informatica Inc. (NYSE:INFA) Short Interest Update

Informatica Inc. (NYSE:INFA) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 3,130,000 shares, a decrease of 6.6% from the August 15th total of 3,350,000 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 1,830,000 shares, the short-interest ratio is currently 1.7 days.

Informatica Trading Up 1.8 %

Shares of INFA stock opened at $25.51 on Friday. Informatica has a twelve month low of $18.71 and a twelve month high of $39.80. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $24.61 and its two-hundred day moving average is $29.35. The company has a market capitalization of $7.53 billion, a P/E ratio of -1,275.50, a price-to-earnings-growth ratio of 5.14 and a beta of 1.06.

Informatica (NYSE:INFA) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The business had revenue of $400.63 million during the quarter, compared to the consensus estimate of $402.97 million. During the same period in the prior year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts forecast that Informatica will post 0.5 EPS for the current year.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the transaction, the executive vice president now owns 437,348 shares of the company’s stock, valued at $12,324,466.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the transaction, the chief accounting officer now directly owns 146,804 shares in the company, valued at $4,072,342.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now directly owns 437,348 shares of the company’s stock, valued at approximately $12,324,466.64. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Informatica

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. purchased a new stake in shares of Informatica in the second quarter valued at $32,000. ORG Partners LLC acquired a new stake in shares of Informatica during the 1st quarter worth about $43,000. Summit Securities Group LLC purchased a new stake in shares of Informatica during the second quarter worth about $46,000. Quarry LP grew its holdings in shares of Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after buying an additional 1,482 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after buying an additional 1,037 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on INFA shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Informatica in a research report on Wednesday, July 31st. Guggenheim reiterated a “buy” rating and set a $37.00 target price on shares of Informatica in a report on Tuesday, June 25th. Scotiabank dropped their price target on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Citigroup reduced their price objective on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group lowered their target price on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.55.

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.