Intapp (NASDAQ:INTA) Shares Gap Up to $33.15

Intapp, Inc. (NASDAQ:INTA - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $33.15, but opened at $35.00. Intapp shares last traded at $35.36, with a volume of 269,329 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on INTA shares. Piper Sandler reaffirmed an "overweight" rating and issued a $52.00 price objective on shares of Intapp in a research report on Monday, February 26th. BTIG Research decreased their target price on Intapp from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday. Barclays reduced their price target on Intapp from $47.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, April 11th. Oppenheimer reduced their target price on Intapp from $50.00 to $42.00 and set an "outperform" rating on the stock in a report on Thursday, May 2nd. Finally, Stifel Nicolaus reduced their target price on Intapp from $47.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $47.22.

Intapp Price Performance

The firm has a 50 day moving average of $33.29 and a 200-day moving average of $37.13. The stock has a market capitalization of $2.64 billion, a P/E ratio of -45.19 and a beta of 0.56.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. The firm had revenue of $103.93 million during the quarter, compared to the consensus estimate of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. As a group, equities analysts expect that Intapp, Inc. will post -0.53 earnings per share for the current year.

Insider Buying and Selling at Intapp

In related news, CEO John T. Hall sold 30,344 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total value of $1,221,952.88. Following the sale, the chief executive officer now directly owns 4,708,775 shares of the company's stock, valued at approximately $189,622,369.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO John T. Hall sold 30,344 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total transaction of $1,221,952.88. Following the transaction, the chief executive officer now directly owns 4,708,775 shares in the company, valued at approximately $189,622,369.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George R. Neble sold 1,500 shares of the company's stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares in the company, valued at approximately $911,494.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,106,704 shares of company stock valued at $258,088,735. 36.56% of the stock is currently owned by insiders.

Institutional Trading of Intapp

A number of institutional investors and hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC acquired a new position in Intapp in the 1st quarter valued at approximately $246,000. Sei Investments Co. boosted its stake in Intapp by 13.4% during the first quarter. Sei Investments Co. now owns 13,858 shares of the company's stock worth $475,000 after acquiring an additional 1,638 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Intapp during the first quarter worth $494,000. Swiss National Bank boosted its stake in Intapp by 58.1% during the first quarter. Swiss National Bank now owns 86,500 shares of the company's stock worth $2,967,000 after acquiring an additional 31,800 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Intapp by 91.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 18,515 shares of the company's stock valued at $635,000 after buying an additional 8,852 shares in the last quarter. 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.