Informatica Inc. (NYSE:INFA) Short Interest Update

Informatica Inc. (NYSE:INFA - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 13,430,000 shares, an increase of 87.3% from the March 31st total of 7,170,000 shares. Based on an average daily trading volume, of 3,210,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 7.9% of the company's stock are short sold.

Analysts Set New Price Targets

INFA has been the subject of several recent research reports. UBS Group reduced their price target on Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, February 14th. Truist Financial reissued a "buy" rating and issued a $24.00 target price (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. Robert W. Baird reaffirmed a "neutral" rating and set a $19.00 price target (down from $35.00) on shares of Informatica in a research report on Friday, February 14th. The Goldman Sachs Group cut shares of Informatica from a "buy" rating to a "neutral" rating and cut their price target for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Finally, DA Davidson lowered their price objective on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $24.15.

Informatica Price Performance

Shares of NYSE:INFA traded up $0.07 during trading on Tuesday, reaching $18.99. 769,122 shares of the company traded hands, compared to its average volume of 2,110,943. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica has a 52 week low of $15.65 and a 52 week high of $32.51. The firm has a market capitalization of $5.75 billion, a PE ratio of 633.54, a PEG ratio of 4.44 and a beta of 1.06. The company's 50 day moving average is $18.07 and its two-hundred day moving average is $23.06.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). The firm had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. As a group, sell-side analysts predict that Informatica will post 0.63 earnings per share for the current year.

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the transaction, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 48.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in INFA. Parallel Advisors LLC increased its stake in shares of Informatica by 540.4% in the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after purchasing an additional 1,216 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Informatica in the fourth quarter valued at about $32,000. Versant Capital Management Inc grew its position in Informatica by 7,053.8% in the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after acquiring an additional 1,834 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Informatica during the fourth quarter worth about $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Informatica by 1,545.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock worth $49,000 after acquiring an additional 2,642 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

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.

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