Intapp (NASDAQ:INTA) Earns “Market Perform” Rating from Oppenheimer

Oppenheimer reiterated their market perform rating on shares of Intapp (NASDAQ:INTAFree Report) in a research report report published on Monday morning, Marketbeat.com reports.

A number of other equities research analysts have also recently issued reports on the company. BTIG Research dropped their price objective on Intapp from $55.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday, May 8th. Barclays dropped their price objective on Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus dropped their price objective on Intapp from $47.00 to $45.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. Piper Sandler dropped their price objective on Intapp from $52.00 to $46.00 and set an overweight rating on the stock in a research note on Friday, May 10th. Finally, Citigroup decreased their target price on Intapp from $52.00 to $50.00 and set a buy rating on the stock in a report on Friday, June 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Intapp has an average rating of Moderate Buy and an average price target of $45.88.

Get Our Latest Stock Report on INTA

Intapp Stock Performance

NASDAQ INTA opened at $33.76 on Monday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -55.34 and a beta of 0.61. The stock’s 50 day moving average price is $35.42 and its two-hundred day moving average price is $36.66. Intapp has a 52 week low of $30.36 and a 52 week high of $45.43.

Intapp (NASDAQ:INTAGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The firm had revenue of $110.64 million for the quarter, compared to analysts’ expectations of $108.18 million. On average, equities research analysts forecast that Intapp will post -0.37 EPS for the current year.

Insider Buying and Selling

In related news, insider Michele Murgel sold 4,224 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.88, for a total transaction of $155,781.12. Following the transaction, the insider now directly owns 171,947 shares of the company’s stock, valued at approximately $6,341,405.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intapp news, insider Michele Murgel sold 4,224 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $36.88, for a total value of $155,781.12. Following the transaction, the insider now directly owns 171,947 shares of the company’s stock, valued at approximately $6,341,405.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total value of $705,200.00. Following the completion of the transaction, the insider now directly owns 727,759 shares in the company, valued at $25,660,782.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,224 shares of company stock valued at $2,264,131. 36.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTA. Advisors Asset Management Inc. lifted its position in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares during the period. Comerica Bank lifted its position in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after acquiring an additional 865 shares during the period. Assetmark Inc. lifted its position in shares of Intapp by 164.6% during the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after acquiring an additional 815 shares during the period. Covestor Ltd lifted its position in shares of Intapp by 52.0% during the 1st quarter. Covestor Ltd now owns 2,395 shares of the company’s stock valued at $82,000 after acquiring an additional 819 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Intapp during the 1st quarter valued at $86,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Intapp (NASDAQ:INTA)

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