Intapp (NASDAQ:INTA) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Intapp (NASDAQ:INTA - Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning.

INTA has been the subject of a number of other reports. Piper Sandler cut their price target on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. UBS Group cut their price target on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Barclays cut 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. Finally, Stifel Nicolaus cut their price target on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.89.

Intapp Stock Performance

NASDAQ:INTA traded up $0.58 during trading hours on Friday, reaching $55.70. The stock had a trading volume of 426,511 shares, compared to its average volume of 632,841. The stock has a 50 day simple moving average of $55.04 and a 200 day simple moving average of $61.87. Intapp has a 12-month low of $31.08 and a 12-month high of $77.74. The stock has a market cap of $4.51 billion, a P/E ratio of -192.06 and a beta of 0.84.

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, topping analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The business had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. During the same period last year, the business posted $0.14 earnings per share. The business's revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts expect that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Intapp

In other news, 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 value of $6,693,242.56. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John T. Hall sold 8,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $457,200.00. Following the transaction, the chief executive officer now directly owns 5,236,895 shares of the company's stock, valued at $299,288,549.25. The trade was a 0.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 243,207 shares of company stock valued at $14,076,429. Company insiders own 13.02% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Intapp by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 8,652 shares of the company's stock worth $555,000 after acquiring an additional 171 shares during the period. CWM LLC grew its holdings in shares of Intapp by 27.0% during the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after acquiring an additional 213 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Intapp by 74.2% in the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position 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 worth $190,000 after purchasing an additional 239 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Intapp by 3.5% in the 1st quarter. Hsbc Holdings PLC now owns 8,001 shares of the company's stock worth $465,000 after purchasing an additional 272 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.