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

Informatica Inc. (NYSE:INFA) 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. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 1,830,000 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INFA. Wells Fargo & Company cut their price target on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Scotiabank reduced their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Robert W. Baird lowered their price target on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, UBS Group decreased their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Informatica presently has a consensus rating of “Moderate Buy” and an average price target of $32.55.

Informatica Stock Down 1.7 %

NYSE:INFA opened at $25.05 on Thursday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica has a twelve month low of $18.71 and a twelve month high of $39.80. The company has a market cap of $7.39 billion, a PE ratio of -1,252.50, a P/E/G ratio of 5.14 and a beta of 1.06. The company’s 50 day moving average is $24.67 and its two-hundred day moving average is $29.38.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $400.63 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. Analysts anticipate that Informatica will post 0.5 EPS for the current year.

Insider Buying and Selling

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction 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 sale, 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 the SEC website. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the 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 transaction, the chief accounting officer now directly owns 146,804 shares in the company, valued at approximately $4,072,342.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the completion of the sale, 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 insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Verdence Capital Advisors LLC increased its holdings in Informatica by 8.9% in the 1st quarter. Verdence Capital Advisors LLC now owns 9,339 shares of the technology company’s stock worth $327,000 after buying an additional 765 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Informatica by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company’s stock valued at $674,000 after acquiring an additional 902 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Informatica in the second quarter worth $32,000. Amalgamated Bank raised its holdings in shares of Informatica by 42.1% during the second 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, ORG Partners LLC acquired a new position in Informatica during the first quarter valued at $43,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.