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

Informatica Inc. (NYSE:INFA - Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 3,130,000 shares, a decrease of 6.6% from the August 15th total of 3,350,000 shares. Based on an average daily volume of 1,830,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.3% of the shares of the stock are short sold.

Informatica Trading Down 1.7 %

NYSE:INFA traded down $0.43 on Wednesday, reaching $25.05. The company's stock had a trading volume of 1,235,194 shares, compared to its average volume of 1,717,786. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of -1,256.50, a price-to-earnings-growth ratio of 5.14 and a beta of 1.06. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica has a 12-month low of $18.71 and a 12-month high of $39.80. The stock has a 50 day moving average price of $24.73 and a 200 day moving average price of $29.41.

Informatica (NYSE:INFA - Get Free Report) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $400.63 million for the quarter, compared to analysts' expectations of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. Informatica's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. On average, equities analysts anticipate that Informatica will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $35.00 target price on shares of Informatica in a research note on Wednesday, July 31st. The Goldman Sachs Group cut their price objective on shares of Informatica from $44.00 to $38.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. UBS Group lowered their target price on Informatica from $35.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their price target on Informatica from $39.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Finally, Robert W. Baird lowered their price objective on Informatica from $43.00 to $35.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.55.

Insider Buying and Selling at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the company's stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now directly owns 146,804 shares of the company's stock, valued at approximately $4,072,342.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the sale, the chief accounting officer now owns 146,804 shares of the company's stock, valued at $4,072,342.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 64,501 shares of the company's stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the transaction, the executive vice president now owns 437,348 shares of the company's stock, valued at approximately $12,324,466.64. The disclosure for this sale can be found here. 48.10% of the stock is owned by corporate insiders.

Institutional Trading of Informatica

Several institutional investors have recently added to or reduced their stakes in the stock. Jericho Capital Asset Management L.P. purchased a new position in shares of Informatica during the first quarter worth $52,045,000. Allspring Global Investments Holdings LLC lifted its stake in Informatica by 78,094.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company's stock worth $44,473,000 after acquiring an additional 1,269,034 shares in the last quarter. Fiera Capital Corp boosted its holdings in Informatica by 439.2% during the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company's stock valued at $48,006,000 after acquiring an additional 1,266,265 shares during the period. Vanguard Group Inc. increased its stake in Informatica by 26.1% during the fourth quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company's stock worth $150,698,000 after purchasing an additional 1,098,246 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Informatica by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company's stock worth $275,966,000 after purchasing an additional 883,642 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

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.