Informatica Sees Significant Drop in Short Interest (INFA)
Informatica (NASDAQ:INFA) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 1,703,944 shares, a decrease of 29.4% from the July 15th total of 2,412,497 shares, Stock Ratings News reports. Based on an average daily volume of 2,685,382 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.6% of the shares of the stock are sold short.
In other Informatica news, EVP Ivan Chong unloaded 1,000 shares of Informatica stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $32.50, for a total transaction of $32,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on INFA. Analysts at Zacks downgraded shares of Informatica from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 30th. They now have a $30.10 price target on the stock. Separately, analysts at Nomura upgraded shares of Informatica from a “neutral” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $41.00 price target on the stock, down previously from $48.00. Finally, analysts at Mizuho reiterated a “buy” rating on shares of Informatica in a research note on Friday, July 25th. They now have a $38.00 price target on the stock, down previously from $45.00. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.84.
Shares of Informatica (NASDAQ:INFA) opened at 32.49 on Friday. Informatica has a 52-week low of $29.87 and a 52-week high of $43.79. The stock has a 50-day moving average of $33.53 and a 200-day moving average of $36.92. The company has a market cap of $3.574 billion and a price-to-earnings ratio of 36.80.
Informatica (NASDAQ:INFA) last announced its earnings results on Thursday, July 24th. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.35. The company had revenue of $250.71 million for the quarter, compared to the consensus estimate of $251.00 million. During the same quarter last year, the company posted $0.31 earnings per share. Informatica’s revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Informatica will post $1.55 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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