Intapp (NASDAQ:INTA) Now Covered by Piper Sandler

Analysts at Piper Sandler initiated coverage on shares of Intapp (NASDAQ:INTA - Get Free Report) in a research report issued on Tuesday. The brokerage set a "neutral" rating and a $55.00 price target on the stock. Piper Sandler's target price points to a potential upside of 4.03% from the company's current price.

Several other research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday. Truist Financial decreased their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. UBS Group lowered their target price on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays cut their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Citigroup reissued a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Intapp presently has an average rating of "Moderate Buy" and a consensus target price of $65.22.

Intapp Price Performance

Shares of Intapp stock opened at $52.87 on Tuesday. The business has a 50-day simple moving average of $54.93 and a 200 day simple moving average of $61.19. Intapp has a one year low of $31.08 and a one year high of $77.74. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of -220.29 and a beta of 0.81.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. Intapp had a negative return on equity of 1.19% and a negative net margin of 3.78%. The firm had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company's quarterly revenue was up 16.7% on a year-over-year basis. On average, sell-side analysts expect that Intapp will post -0.14 EPS for the current year.

Insiders Place Their Bets

In related news, COO Donald F. Coleman sold 5,629 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $57.07, for a total transaction of $321,247.03. Following the completion of the transaction, the chief operating officer now owns 437,885 shares in the company, valued at approximately $24,990,096.95. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total transaction of $6,693,242.56. Following the completion of the sale, the insider now directly owns 857,250 shares in the company, valued at approximately $50,809,207.50. This represents a 11.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,841 shares of company stock valued at $10,951,226 in the last 90 days. 13.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC raised its holdings in shares of Intapp by 214.2% in the 1st quarter. Voya Investment Management LLC now owns 311,298 shares of the company's stock worth $18,174,000 after purchasing an additional 212,211 shares during the period. Rhumbline Advisers increased its position in Intapp by 7.2% in the first quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock worth $4,577,000 after buying an additional 5,257 shares during the last quarter. Strs Ohio bought a new stake in shares of Intapp in the first quarter valued at $1,016,000. Intech Investment Management LLC raised its stake in shares of Intapp by 89.1% in the first quarter. Intech Investment Management LLC now owns 32,017 shares of the company's stock valued at $1,869,000 after buying an additional 15,087 shares during the period. Finally, Woodline Partners LP lifted its position in shares of Intapp by 233.2% during the 1st quarter. Woodline Partners LP now owns 143,034 shares of the company's stock valued at $8,350,000 after buying an additional 100,103 shares during the last quarter. 89.96% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.