Intapp (NASDAQ:INTA) Shares Gap Down to $36.32

Shares of Intapp, Inc. (NASDAQ:INTAGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $36.32, but opened at $34.49. Intapp shares last traded at $35.33, with a volume of 27,900 shares.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of research reports. Piper Sandler lowered their target price on Intapp from $52.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Barclays decreased their price objective on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Monday. Stifel Nicolaus decreased their price objective on Intapp from $47.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Citigroup decreased their price objective on Intapp from $52.00 to $50.00 and set a “buy” rating for the company in a report on Friday, June 28th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.88.

Check Out Our Latest Research Report on Intapp

Intapp Stock Down 2.9 %

The firm has a market cap of $2.49 billion, a P/E ratio of -55.64 and a beta of 0.61. The business has a fifty day moving average of $35.37 and a 200 day moving average of $36.68.

Intapp (NASDAQ:INTAGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.10. The firm had revenue of $110.64 million during the quarter, compared to the consensus estimate of $108.18 million. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. Research analysts expect that Intapp, Inc. will post -0.37 EPS for the current year.

Insider Activity

In other Intapp news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $35.26, for a total transaction of $705,200.00. Following the transaction, the insider now owns 727,759 shares in the company, valued at approximately $25,660,782.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Thad Jampol sold 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $35.26, for a total transaction of $705,200.00. Following the sale, the insider now directly owns 727,759 shares of the company’s stock, valued at approximately $25,660,782.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $35.37, for a total value of $176,850.00. Following the sale, the chief operating officer now directly owns 648,411 shares in the company, valued at $22,934,297.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,224 shares of company stock worth $1,740,331. Corporate insiders own 36.56% of the company’s stock.

Institutional Trading of Intapp

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after buying an additional 1,501,091 shares in the last quarter. Bamco Inc. NY acquired a new stake in Intapp in the first quarter valued at about $88,605,000. Praesidium Investment Management Company LLC boosted its stake in Intapp by 9.4% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock valued at $55,748,000 after buying an additional 125,455 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Intapp by 44.8% in the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after buying an additional 422,016 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Intapp by 12.2% in the fourth quarter. Jennison Associates LLC now owns 1,293,014 shares of the company’s stock valued at $49,160,000 after buying an additional 140,697 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Company Profile

(Get Free Report)

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.

Further Reading

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