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

Informatica Inc. (NYSE:INFA - Get Free Report) saw a large increase in short interest in 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. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 3.8% of the company's shares are short sold.

Insider Transactions at Informatica

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new stake in Informatica in the second quarter worth $32,000. ORG Partners LLC bought a new stake in Informatica in the 1st quarter valued at about $43,000. Summit Securities Group LLC acquired a new position in Informatica during the 2nd quarter valued at about $46,000. Amalgamated Bank grew its position in Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock worth $108,000 after purchasing an additional 1,037 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of Informatica in the third quarter valued at approximately $149,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Down 1.2 %

NYSE INFA traded down $0.32 on Monday, hitting $26.40. 1,194,441 shares of the stock traded hands, compared to its average volume of 1,665,477. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $25.35 and a 200 day moving average of $27.63. Informatica has a twelve month low of $18.71 and a twelve month high of $39.80. The company has a market capitalization of $7.79 billion, a P/E ratio of -1,320.00, a price-to-earnings-growth ratio of 5.41 and a beta of 1.06.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $400.63 million for the quarter, compared to analysts' expectations of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. As a group, analysts expect that Informatica will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on INFA. Robert W. Baird lowered their price objective on shares of Informatica from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday. Scotiabank decreased their price objective on shares of Informatica from $33.00 to $27.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 31st. UBS Group lowered their target price on Informatica from $35.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group cut their price target on Informatica from $44.00 to $38.00 and set a "buy" 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 stock. Based on data from MarketBeat.com, Informatica currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.18.

Informatica Company Profile

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.