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

Informatica Inc. (NYSE:INFA) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 5,380,000 shares, a growth of 20.1% from the February 13th total of 4,480,000 shares. Approximately 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 currently 2.2 days.

Informatica Trading Down 0.3 %

NYSE:INFA traded down $0.06 during mid-day trading on Tuesday, reaching $18.36. 2,289,955 shares of the company’s stock traded hands, compared to its average volume of 2,017,598. Informatica has a 12-month low of $16.37 and a 12-month high of $39.80. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 612.17, a PEG 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. The company has a 50 day moving average price of $22.33 and a 200-day moving average price of $24.67.

Informatica (NYSE:INFA) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. On average, sell-side analysts predict that Informatica will post 0.63 earnings per share for the current year.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 48.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after acquiring an additional 667 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Informatica in the 4th quarter worth approximately $32,000. KBC Group NV grew its stake in shares of Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after buying an additional 1,325 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Informatica by 30.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock worth $159,000 after buying an additional 1,437 shares during the last quarter. Finally, Cooper Financial Group grew its stake in shares of Informatica by 6.6% in the 4th quarter. Cooper Financial Group now owns 24,236 shares of the technology company’s stock worth $628,000 after buying an additional 1,504 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

INFA has been the subject of several research analyst reports. Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Baird R W lowered Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. UBS Group dropped their price target 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 lowered Informatica to a “neutral” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada lowered Informatica from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $35.00 to $19.00 in a research note on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.67.

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.