Intapp (NASDAQ:INTA) Cut to "Buy" at Wall Street Zen

Intapp (NASDAQ:INTA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.

Other equities analysts also recently issued reports about the company. Barclays reduced their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Piper Sandler reduced their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. 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 report on Wednesday, April 16th. UBS Group cut their price target 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. Finally, Citigroup reissued a "neutral" rating on shares of Intapp in a research report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and a consensus target price of $65.22.

Intapp Price Performance

NASDAQ INTA traded up $0.36 during trading hours on Friday, reaching $53.23. 808,259 shares of the company's stock traded hands, compared to its average volume of 627,261. Intapp has a 52-week low of $31.08 and a 52-week high of $77.74. The firm has a 50-day simple moving average of $54.93 and a 200 day simple moving average of $61.19. The firm has a market cap of $4.31 billion, a PE ratio of -221.79 and a beta of 0.81.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) 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 net margin of 3.78% and a negative return on equity of 1.19%. The business's revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. Sell-side analysts forecast that Intapp will post -0.14 EPS for the current fiscal year.

Insider Activity

In other Intapp news, COO Donald F. Coleman sold 2,809 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $56.77, for a total value of $159,466.93. Following the transaction, the chief operating officer now directly owns 435,076 shares in the company, valued at approximately $24,699,264.52. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John T. Hall sold 8,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $55.28, for a total transaction of $442,240.00. Following the sale, the chief executive officer now directly owns 5,445,335 shares of the company's stock, valued at approximately $301,018,118.80. The trade was a 0.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,841 shares of company stock valued at $10,951,226 in the last ninety days. 13.02% of the stock is currently owned by company insiders.

Institutional Trading of Intapp

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

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.