Informatica Inc. (NYSE:INFA) Short Interest Down 5.1% in August

Informatica Inc. (NYSE:INFA) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 3,350,000 shares, a decline of 5.1% from the July 31st total of 3,530,000 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average trading volume of 1,680,000 shares, the days-to-cover ratio is presently 2.0 days.

Insider Activity at Informatica

In related news, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the transaction, the executive vice president now owns 509,381 shares in the company, valued at approximately $14,547,921.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the transaction, the executive vice president now owns 509,381 shares in the company, valued at approximately $14,547,921.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.18, for a total value 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. Insiders sold a total of 170,128 shares of company stock worth $4,826,124 in the last quarter. 48.10% of the stock is owned by company insiders.

Institutional Trading of Informatica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INFA. Wellington Management Group LLP raised its stake in shares of Informatica by 10.0% in 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 during the last quarter. Vanguard Group Inc. lifted its stake in Informatica by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company’s stock valued at $195,155,000 after acquiring an additional 267,748 shares during the period. Fiera Capital Corp boosted its holdings in shares of Informatica by 439.2% in 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 last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Informatica in the first quarter worth $52,045,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Informatica by 11.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,411,822 shares of the technology company’s stock worth $43,597,000 after purchasing an additional 141,163 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on INFA shares. Guggenheim reiterated a “buy” rating and issued a $37.00 target price on shares of Informatica in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Robert W. Baird lowered their target price on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Citigroup lowered their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group decreased their price objective on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.55.

Informatica Price Performance

Shares of INFA stock opened at $24.91 on Tuesday. Informatica has a fifty-two week low of $18.71 and a fifty-two week high of $39.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03 and a current ratio of 2.03. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of -1,245.50, a PEG ratio of 5.02 and a beta of 1.06. The stock’s 50-day simple moving average is $25.93 and its 200-day simple moving average is $30.01.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $400.63 million during 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%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.02 earnings per share. As a group, equities analysts forecast that Informatica will post 0.5 earnings per share for the current fiscal year.

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.