Intapp (NASDAQ:INTA) Stock Rating Lowered by Wall Street Zen

Intapp (NASDAQ:INTA) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also issued reports on INTA. Stifel Nicolaus lowered their target price on Intapp from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. UBS Group decreased their price objective on Intapp from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Barclays decreased their price objective on Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Citigroup reissued a “neutral” rating on shares of Intapp in a report on Monday, April 21st. Finally, Truist Financial decreased their price objective on Intapp from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.89.

Intapp Stock Down 1.2%

INTA opened at $52.76 on Friday. The firm has a market capitalization of $4.27 billion, a P/E ratio of -219.83 and a beta of 0.81. The stock’s 50 day moving average price is $54.93 and its two-hundred day moving average price is $61.37. Intapp has a 12-month low of $31.08 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) 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 firm had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. Intapp had a negative return on equity of 1.19% and a negative net margin of 3.78%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. As a group, analysts anticipate that Intapp will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the transaction, the insider now owns 857,250 shares in the company, valued at approximately $50,809,207.50. The trade was a 11.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Donald F. Coleman sold 5,629 shares of Intapp stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $57.07, for a total value of $321,247.03. Following the completion of the transaction, the chief operating officer now owns 437,885 shares of the company’s stock, valued at approximately $24,990,096.95. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,841 shares of company stock worth $10,951,226 in the last 90 days. 13.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intapp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Intapp by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock valued at $555,000 after buying an additional 171 shares during the period. CWM LLC increased its stake in shares of Intapp by 27.0% in the 1st quarter. CWM LLC now owns 1,003 shares of the company’s stock valued at $59,000 after buying an additional 213 shares during the period. Farther Finance Advisors LLC increased 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 valued at $31,000 after buying an additional 224 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Intapp by 8.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock valued at $190,000 after buying an additional 239 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Intapp by 3.5% in the 1st quarter. Hsbc Holdings PLC now owns 8,001 shares of the company’s stock valued at $465,000 after buying an additional 272 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

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.