Informatica Inc. (NYSE:INFA) Sees Large Growth in Short Interest

Informatica Inc. (NYSE:INFA) was the target of a large growth in short interest in 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. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,410,000 shares, the days-to-cover ratio is presently 2.2 days.

Informatica Price Performance

INFA stock traded down $0.15 during midday trading on Wednesday, reaching $18.22. 1,759,439 shares of the company’s stock traded hands, compared to its average volume of 2,018,784. The company has a 50-day simple moving average of $22.18 and a two-hundred day simple moving average of $24.63. Informatica has a 1-year low of $16.37 and a 1-year high of $39.80. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 607.37, a PEG ratio of 4.44 and a beta of 1.04. 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 released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share 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 business had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. On average, analysts anticipate 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 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 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. This represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Natixis Advisors LLC increased its stake in shares of Informatica by 65.2% in the 3rd quarter. Natixis Advisors LLC now owns 44,874 shares of the technology company’s stock valued at $1,134,000 after buying an additional 17,718 shares during the period. Quest Partners LLC acquired a new stake in shares of Informatica in the 3rd quarter valued at about $879,000. Charles Schwab Investment Management Inc. raised its stake in shares of Informatica by 62.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after purchasing an additional 237,876 shares during the period. Eagle Asset Management Inc. increased its position in shares of Informatica by 17.7% in the third quarter. Eagle Asset Management Inc. now owns 60,677 shares of the technology company’s stock valued at $1,517,000 after acquiring an additional 9,138 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Informatica in the third quarter valued at about $232,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INFA. Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Wedbush lowered Informatica to a “neutral” rating in a research report on Friday, February 14th. Royal Bank of Canada lowered Informatica from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Robert W. Baird reiterated a “neutral” rating and set a $19.00 price target (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Finally, Truist Financial restated a “buy” rating and set a $24.00 target price (down previously from $34.00) on shares of Informatica in a research note 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. According to data from MarketBeat.com, Informatica presently has a consensus rating of “Hold” and a consensus price target 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.