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

by · The Cerbat Gem

Informatica Inc. (NYSE:INFA – Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 5,380,000 shares, an increase of 20.1% from the February 13th total of 4,480,000 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,410,000 shares, the short-interest ratio is presently 2.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group cut their target price on Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, February 14th. Wedbush cut Informatica to a “neutral” rating in a research note on Friday, February 14th. Truist Financial restated 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. Baird R W downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.67.

Read Our Latest Report on Informatica

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s 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 sale, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 48.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Informatica

Institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock worth $268,889,000 after purchasing an additional 10,361,617 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after purchasing an additional 2,662,379 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Informatica by 52.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock worth $184,804,000 after purchasing an additional 2,459,197 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after purchasing an additional 2,409,023 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Informatica during the 4th quarter worth about $36,236,000. Institutional investors own 98.45% of the company’s stock.

Informatica Trading Down 0.8 %

NYSE INFA traded down $0.15 on Wednesday, reaching $18.22. The company had a trading volume of 1,759,439 shares, compared to its average volume of 2,018,784. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 607.37, a P/E/G ratio of 4.44 and a beta of 1.04. The business has a 50 day moving average of $22.18 and a two-hundred day moving average of $24.63. Informatica has a fifty-two week low of $16.37 and a fifty-two week high of $39.80.

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

Informatica Company Profile

(Get Free Report)

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.

See Also