Intapp (NASDAQ:INTA) Stock Rating Upgraded by 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 report released on Friday.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus reduced 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. Barclays cut their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Piper Sandler lowered their price target on Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. UBS Group reduced their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Citigroup restated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Intapp presently has an average rating of "Moderate Buy" and an average price target of $66.89.

Intapp Price Performance

Shares of INTA traded up $0.47 during trading hours on Friday, hitting $56.51. The stock had a trading volume of 126,386 shares, compared to its average volume of 625,517. Intapp has a 1-year low of $31.08 and a 1-year high of $77.74. The firm has a 50 day simple moving average of $54.81 and a 200-day simple moving average of $61.82. The firm has a market capitalization of $4.57 billion, a P/E ratio of -194.86 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The business had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. Intapp's quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. Equities analysts predict that Intapp will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, insider Thad Jampol sold 20,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $57.15, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 857,250 shares of the company's stock, valued at approximately $48,991,837.50. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michele Murgel sold 23,404 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $60.13, for a total transaction of $1,407,282.52. Following the transaction, the insider now owns 185,220 shares in the company, valued at $11,137,278.60. This represents a 11.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 243,207 shares of company stock worth $14,076,429 over the last 90 days. Corporate insiders own 13.02% of the company's stock.

Hedge Funds Weigh In On Intapp

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Intapp by 4.5% during the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock worth $388,352,000 after acquiring an additional 283,923 shares during the last quarter. Invesco Ltd. boosted its position in shares of Intapp by 6.1% during the first quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock valued at $122,634,000 after buying an additional 120,112 shares during the last quarter. Alliancebernstein L.P. raised its position in Intapp by 7.7% in the 1st quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company's stock valued at $104,064,000 after buying an additional 127,655 shares during the last quarter. Capital World Investors grew its holdings in shares of Intapp by 30.3% in the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after acquiring an additional 395,804 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Intapp by 0.9% in the 1st quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock worth $90,490,000 after purchasing an additional 13,577 shares during the period. 89.96% of the stock is currently owned by institutional investors.

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.