Short Interest in Informatica Inc. (NYSE:INFA) Increases By 20.1%

Informatica Inc. (NYSE:INFA) was the target of a significant increase in short interest during 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. Currently, 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 2,300,000 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

INFA has been the subject of several analyst reports. The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $20.00 in a research report on Friday, February 14th. Robert W. Baird reiterated a “neutral” rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Truist Financial reissued a “buy” rating and set a $24.00 target price (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. Wedbush downgraded shares of Informatica to a “neutral” rating in a research note on Friday, February 14th. Finally, UBS Group lowered their price objective on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Informatica currently has an average rating of “Hold” and a consensus price target of $24.67.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 48.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in shares of Informatica in the 4th quarter valued at about $32,000. Quarry LP purchased a new stake in Informatica in the 3rd quarter worth approximately $38,000. New Age Alpha Advisors LLC purchased a new stake in Informatica in the 4th quarter worth approximately $43,000. National Bank of Canada FI increased its holdings in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Informatica in the 4th quarter valued at $54,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Stock Down 3.3 %

NYSE:INFA traded down $0.58 during mid-day trading on Thursday, hitting $17.17. 725,893 shares of the company’s stock traded hands, compared to its average volume of 2,068,161. The company has a fifty day moving average of $20.88 and a 200 day moving average of $24.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica has a twelve month low of $16.37 and a twelve month high of $39.80. The company has a market capitalization of $5.20 billion, a P/E ratio of 572.52, a P/E/G ratio of 4.44 and a beta of 1.04.

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

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.