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

Informatica Inc. (NYSE:INFA) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 5,110,000 shares, an increase of 30.0% from the September 30th total of 3,930,000 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is presently 3.2 days.

Insiders Place Their Bets

In other news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the transaction, the chief accounting officer now directly owns 142,671 shares in the company, valued at approximately $3,817,875.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares in the company, valued at approximately $3,817,875.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System acquired a new position in shares of Informatica in the 3rd quarter valued at approximately $149,000. Lecap Asset Management Ltd. acquired a new stake in Informatica in the third quarter valued at $685,000. Allspring Global Investments Holdings LLC boosted its stake in Informatica by 398.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock valued at $178,046,000 after acquiring an additional 5,631,139 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Informatica by 11.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock worth $201,000 after acquiring an additional 810 shares in the last quarter. Finally, Ellsworth Advisors LLC increased its position in shares of Informatica by 9.0% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,008 shares of the technology company’s stock worth $506,000 after purchasing an additional 1,658 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Price Performance

Informatica stock opened at $26.72 on Monday. The stock has a market capitalization of $7.88 billion, a P/E ratio of -1,336.00, a P/E/G ratio of 5.41 and a beta of 1.06. Informatica has a 12-month low of $18.71 and a 12-month high of $39.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. The firm’s 50-day moving average is $25.35 and its two-hundred day moving average is $27.63.

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

Analyst Ratings Changes

Several equities research analysts have commented on INFA shares. Scotiabank decreased their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. UBS Group lowered their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company reduced their price target on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 price target on shares of Informatica in a report on Wednesday, July 31st. Finally, Robert W. Baird decreased their target price on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Informatica currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.18.

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.