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

Informatica Inc. (NYSE:INFAGet Free Report) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 2,620,000 shares, a drop of 20.1% from the January 31st total of 3,280,000 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is currently 2.4 days.

Informatica Price Performance

Shares of Informatica stock traded down $0.12 on Friday, hitting $32.46. The company’s stock had a trading volume of 950,575 shares, compared to its average volume of 1,737,836. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66. Informatica has a 1 year low of $13.29 and a 1 year high of $36.00. The firm has a fifty day moving average price of $30.14 and a 200-day moving average price of $25.27. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of -70.57, a price-to-earnings-growth ratio of 6.93 and a beta of 1.07.

Analyst Ratings Changes

INFA has been the subject of a number of research analyst reports. DA Davidson initiated coverage on Informatica in a research note on Tuesday, November 14th. They issued a “neutral” rating and a $25.00 target price for the company. The Goldman Sachs Group upgraded Informatica from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $44.00 in a research note on Friday, February 16th. Scotiabank lifted their price objective on Informatica from $21.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, December 7th. Citigroup lifted their price objective on Informatica from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, UBS Group lifted their price objective on Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.63.

Check Out Our Latest Report on INFA

Insider Transactions at Informatica

In other news, CEO Amit Walia sold 85,996 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the sale, the chief executive officer now owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Amit Walia sold 85,996 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ansa Sekharan sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $27.39, for a total value of $1,369,500.00. Following the completion of the transaction, the executive vice president now owns 498,268 shares of the company’s stock, valued at approximately $13,647,560.52. The disclosure for this sale can be found here. Insiders own 53.90% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Informatica by 30.5% in the 1st quarter. Wellington Management Group LLP now owns 8,339,728 shares of the technology company’s stock worth $164,626,000 after buying an additional 1,949,022 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Informatica by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock worth $150,698,000 after buying an additional 1,098,246 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Informatica by 13.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,308,984 shares of the technology company’s stock worth $21,468,000 after buying an additional 159,066 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Informatica by 32.5% in the 3rd quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock worth $25,525,000 after buying an additional 297,289 shares during the last quarter. Finally, Shannon River Fund Management LLC boosted its holdings in Informatica by 10.4% in the 4th quarter. Shannon River Fund Management LLC now owns 894,928 shares of the technology company’s stock worth $25,407,000 after buying an additional 84,537 shares during the last quarter. 38.76% of the stock is currently owned by institutional investors and hedge funds.

Informatica Company Profile

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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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