Informatica Inc. (NYSE:INFA) Short Interest Up 20.1% in March

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

Wall Street Analyst Weigh In

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

Informatica Trading Up 0.8 %

INFA traded up $0.14 during trading on Wednesday, hitting $17.79. 1,899,021 shares of the company’s stock were exchanged, compared to its average volume of 2,073,385. Informatica has a 1 year low of $16.37 and a 1 year high of $39.80. 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 firm has a market cap of $5.38 billion, a P/E ratio of 593.20, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The stock has a 50 day moving average price of $20.88 and a 200 day moving average price of $24.17.

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

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $5,977,565.82. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Informatica

A number of institutional investors and hedge funds have recently bought and sold shares of INFA. ORG Wealth Partners LLC bought a new stake in Informatica in the fourth quarter worth about $32,000. Quarry LP acquired a new position in Informatica in the 3rd quarter valued at approximately $38,000. National Bank of Canada FI lifted its stake in Informatica by 3,288.0% during 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 period. New Age Alpha Advisors LLC bought a new position in shares of Informatica during the fourth quarter valued at $43,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Informatica in the 4th quarter worth approximately $54,000. Institutional investors own 98.45% of the company’s stock.

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.