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

Informatica Inc. (NYSE:INFA - Get Free Report) saw a large increase in short interest in 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 volume of 2,410,000 shares, the short-interest ratio is presently 2.2 days.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 48.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Informatica

A number of hedge funds and other institutional investors have recently bought and sold shares of INFA. ORG Wealth Partners LLC bought a new position in shares of Informatica in the 4th quarter worth $32,000. Quarry LP bought a new position in shares of Informatica in the 3rd quarter worth $38,000. New Age Alpha Advisors LLC bought a new position in shares of Informatica in the 4th quarter worth $43,000. National Bank of Canada FI increased its holdings in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock worth $43,000 after buying an additional 1,644 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Informatica in the 4th quarter worth $54,000. Institutional investors own 98.45% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company downgraded shares of Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. The Goldman Sachs Group downgraded shares of Informatica from a "buy" rating to a "neutral" rating and cut their target price for the stock from $38.00 to $20.00 in a research report on Friday, February 14th. Cantor Fitzgerald assumed coverage on shares of Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 target price on the stock. Truist Financial reiterated a "buy" rating and set a $24.00 target price (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. Finally, Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Informatica currently has a consensus rating of "Hold" and an average price target of $24.67.

Informatica Trading Up 1.0 %

Shares of NYSE:INFA traded up $0.18 during mid-day trading on Friday, hitting $18.18. The company had a trading volume of 2,190,030 shares, compared to its average volume of 2,029,019. The firm has a fifty day moving average price of $21.89 and a 200 day moving average price of $24.54. The company has a market capitalization of $5.50 billion, a PE ratio of 606.04, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica has a one year low of $16.37 and a one year high of $39.80.

Informatica (NYSE:INFA - Get Free Report) last announced 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 business 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%. As a group, research 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.