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

Informatica Inc. (NYSE:INFA - Get Free Report) was the recipient of a significant increase in short interest in 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. Approximately 3.8% of the shares of the stock are short sold. Based on an average daily volume of 2,300,000 shares, the short-interest ratio is presently 2.8 days.

Informatica Trading Down 1.6 %

Shares of NYSE INFA traded down $0.26 during mid-day trading on Monday, hitting $16.41. The stock had a trading volume of 693,813 shares, compared to its average volume of 2,074,844. The firm has a market cap of $4.97 billion, a P/E ratio of 547.25, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. Informatica has a 1 year low of $15.95 and a 1 year high of $39.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The business has a 50 day moving average price of $20.57 and a two-hundred day moving average price of $24.04.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $428.31 million during the quarter, compared to analysts' expectations of $457.55 million. On average, equities analysts anticipate that Informatica will post 0.63 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

INFA has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, February 14th. Royal Bank of Canada downgraded Informatica from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $35.00 to $19.00 in a research note on Friday, February 14th. Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating 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 report on Friday, February 14th. Finally, Robert W. Baird restated a "neutral" rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $24.67.

Insiders Place Their Bets

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 shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 48.10% of the company's stock.

Institutional Trading of Informatica

Several institutional investors have recently made changes to their positions in INFA. Versant Capital Management Inc raised its position in shares of Informatica by 7,053.8% during the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after buying an additional 1,834 shares in the last quarter. California State Teachers Retirement System increased its position in Informatica by 431.2% during the 4th quarter. California State Teachers Retirement System now owns 321,734 shares of the technology company's stock valued at $8,343,000 after purchasing an additional 261,163 shares during the period. TFG Asset Management GP Ltd increased its holdings in shares of Informatica by 50.0% in the 4th quarter. TFG Asset Management GP Ltd now owns 600,000 shares of the technology company's stock valued at $15,558,000 after acquiring an additional 200,000 shares during the period. Public Employees Retirement System of Ohio lifted its position in Informatica by 18.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 27,729 shares of the technology company's stock valued at $719,000 after acquiring an additional 4,236 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Informatica by 5.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,537 shares of the technology company's stock worth $3,955,000 after purchasing an additional 7,205 shares in the last quarter. Hedge funds and other institutional investors 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.