Intapp (NASDAQ:INTA) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Intapp (NASDAQ:INTA - Free Report) to a neutral rating in a report issued on Tuesday, MarketBeat reports. Piper Sandler currently has $55.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Citigroup reiterated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Barclays dropped their price target on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus dropped their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Truist Financial cut their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, UBS Group cut their target price on shares of Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.22.

Intapp Trading Down 1.2%

Shares of INTA traded down $0.60 during trading hours on Tuesday, reaching $50.48. 247,916 shares of the stock traded hands, compared to its average volume of 629,780. Intapp has a 52 week low of $31.08 and a 52 week high of $77.74. The stock has a fifty day simple moving average of $54.89 and a 200 day simple moving average of $60.95. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -210.46 and a beta of 0.81.

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

Insider Activity

In other Intapp news, COO Donald F. Coleman sold 5,629 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $57.07, for a total value of $321,247.03. Following the sale, the chief operating officer now owns 437,885 shares of the company's stock, valued at $24,990,096.95. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 5,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $56.65, for a total transaction of $283,250.00. Following the sale, the insider now directly owns 857,250 shares in the company, valued at $48,563,212.50. This represents a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 189,841 shares of company stock valued at $10,951,226. 13.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in shares of Intapp during the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC increased its position in 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 acquiring an additional 224 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Intapp during the fourth quarter valued at about $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 raised its stake in shares of Intapp by 1,155.4% in the 1st quarter. Quarry LP now owns 703 shares of the company's stock worth $41,000 after buying an additional 647 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

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.