Intapp (NASDAQ:INTA) Shares Gap Down - Should You Sell?

Intapp, Inc. (NASDAQ:INTA - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $44.27, but opened at $42.17. Intapp shares last traded at $43.63, with a volume of 123,213 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 price objective on the stock in a research report on Tuesday, June 24th. Truist Financial cut their price objective on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen lowered Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Barclays lowered Intapp from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $60.00 to $44.00 in a research report on Monday. Finally, UBS Group cut their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Intapp presently has a consensus rating of "Moderate Buy" and an average price target of $62.89.

Intapp Price Performance

The stock has a market capitalization of $3.52 billion, a P/E ratio of -181.21, a price-to-earnings-growth ratio of 8.24 and a beta of 0.76. The company has a fifty day moving average of $53.74 and a two-hundred day moving average of $59.42.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $129.07 million during 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%. Intapp's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, insider David Benjamin Harrison sold 14,275 shares of Intapp stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.01, for a total value of $785,267.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 5,000 shares of Intapp stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total value of $283,250.00. Following the completion of the transaction, the insider owned 857,250 shares of the company's stock, valued at approximately $48,563,212.50. The trade was a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,913 shares of company stock valued at $4,257,984 over the last 90 days. Corporate insiders own 13.02% of the company's stock.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently made changes to their positions in INTA. Farther Finance Advisors LLC lifted its position in Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Intapp during the 1st quarter valued at $36,000. Quarry LP lifted its position in shares of Intapp by 1,155.4% during the 1st 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. Nisa Investment Advisors LLC lifted its position in shares of Intapp by 414.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock valued at $47,000 after acquiring an additional 647 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its position in shares of Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock valued at $53,000 after acquiring an additional 605 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

About Intapp

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.