Intapp (NASDAQ:INTA) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Intapp (NASDAQ:INTAFree Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

Several other equities analysts have also weighed in on INTA. Piper Sandler dropped their price objective on shares of Intapp from $71.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Barclays decreased their target price on Intapp from $68.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Stifel Nicolaus dropped their price target on Intapp from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. UBS Group cut their price target on Intapp from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, Citigroup restated a “neutral” rating on shares of Intapp in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.89.

Check Out Our Latest Analysis on Intapp

Intapp Stock Performance

Shares of INTA opened at $52.76 on Friday. The firm has a market cap of $4.27 billion, a PE ratio of -219.83 and a beta of 0.81. Intapp has a 52-week low of $31.08 and a 52-week high of $77.74. The business’s 50 day moving average price is $54.93 and its two-hundred day moving average price is $61.32.

Intapp (NASDAQ:INTAGet Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative net margin of 3.78% and a negative return on equity of 1.19%. Intapp’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Research analysts predict that Intapp will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In related news, CEO John T. Hall sold 8,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $55.28, for a total value of $442,240.00. Following the completion of the sale, the chief executive officer now directly owns 5,445,335 shares of the company’s stock, valued at approximately $301,018,118.80. This represents a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David H. Morton, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.02, for a total value of $550,200.00. Following the transaction, the chief financial officer now owns 32,739 shares in the company, valued at approximately $1,801,299.78. This trade represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,841 shares of company stock worth $10,951,226. Insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Intapp in the 4th quarter worth about $25,000. Farther Finance Advisors LLC boosted its stake in shares of Intapp by 74.2% in the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after buying an additional 224 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Intapp in the fourth quarter valued at approximately $32,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Intapp in the first quarter valued at approximately $36,000. Finally, Quarry LP increased its position in shares of Intapp by 1,155.4% during the first quarter. Quarry LP now owns 703 shares of the company’s stock valued at $41,000 after acquiring an additional 647 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

About Intapp

(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

Analyst Recommendations for Intapp (NASDAQ:INTA)

Receive News & Ratings for Intapp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intapp and related companies with MarketBeat.com's FREE daily email newsletter.