Short Interest in Informatica Increases By 44.8% (INFA)
Shares of Informatica (NASDAQ:INFA) were the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 1,995,198 shares, an increase of 44.8% from the April 15th total of 1,377,444 shares, American Banking and Market News reports. Based on an average daily trading volume, of 1,369,812 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the shares of the company are sold short.
In other Informatica news, CEO Sohaib Abbasi sold 33,796 shares of Informatica stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $36.51, for a total value of $1,233,891.96. Following the transaction, the chief executive officer now directly owns 317,989 shares of the company’s stock, valued at approximately $11,609,778. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on INFA shares. Analysts at Bank of America upgraded shares of Informatica from an “underperform” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $37.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Informatica from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Informatica in a research note on Friday, April 25th. They now have a $42.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Informatica presently has an average rating of “Buy” and a consensus price target of $45.94.
Shares of Informatica (NASDAQ:INFA) opened at 37.33 on Monday. Informatica has a 52 week low of $32.87 and a 52 week high of $43.79. The stock has a 50-day moving average of $37.05 and a 200-day moving average of $39.20. The company has a market cap of $4.098 billion and a P/E ratio of 43.48.
Informatica (NASDAQ:INFA) last announced its earnings results on Thursday, April 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $243.10 million for the quarter, compared to the consensus estimate of $242.37 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Informatica will post $1.63 earnings per share for the current fiscal year.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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