Intapp (NASDAQ:INTA) Given Market Perform Rating at Oppenheimer

Oppenheimer reissued their market perform rating on shares of Intapp (NASDAQ:INTA) in a research note published on Monday, MarketBeat reports.

Several other research analysts also recently weighed in on the company. Citigroup dropped their price target on Intapp from $52.00 to $50.00 and set a buy rating for the company in a research note on Friday, June 28th. BTIG Research reduced their price objective on Intapp from $55.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday, May 8th. Barclays lowered their target price on Intapp from $47.00 to $42.00 and set an overweight rating for the company in a research report on Thursday, April 11th. Stifel Nicolaus reduced their price target on shares of Intapp from $47.00 to $45.00 and set a buy rating on the stock in a research report on Wednesday, April 24th. Finally, Piper Sandler lowered their price objective on shares of Intapp from $52.00 to $46.00 and set an overweight rating for the company in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $45.88.

Intapp Stock Up 5.1 %

Intapp stock opened at $35.49 on Monday. The business has a 50-day simple moving average of $35.51 and a two-hundred day simple moving average of $36.65. Intapp has a 52-week low of $30.36 and a 52-week high of $45.43. The company has a market cap of $2.61 billion, a P/E ratio of -58.18 and a beta of 0.61.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The company had revenue of $110.64 million for the quarter, compared to the consensus estimate of $108.18 million. Research analysts anticipate that Intapp will post -0.37 EPS for the current fiscal year.

Insider Activity

In related news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total transaction of $705,200.00. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. In related news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 727,759 shares of the company’s stock, valued at approximately $25,660,782.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michele Murgel sold 4,224 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $36.88, for a total value of $155,781.12. Following the transaction, the insider now owns 171,947 shares of the company’s stock, valued at approximately $6,341,405.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,224 shares of company stock valued at $2,264,131. 36.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in Intapp by 44.8% in the 3rd 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 during the period. Wellington Management Group LLP increased its position in shares of Intapp by 60.0% during the third quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock worth $33,175,000 after acquiring an additional 371,181 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Intapp by 27.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 32,171 shares of the company’s stock valued at $1,078,000 after acquiring an additional 6,976 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Intapp by 10.2% in the third quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock valued at $94,167,000 after purchasing an additional 260,610 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Intapp by 11.0% in the fourth quarter. Raymond James & Associates now owns 69,649 shares of the company’s stock valued at $2,648,000 after purchasing an additional 6,907 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Intapp Company Profile

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.