Intapp (NASDAQ:INTA) Hits New 1-Year Low After Analyst Downgrade

Intapp, Inc. (NASDAQ:INTA) reached a new 52-week low on Wednesday after Stifel Nicolaus lowered their price target on the stock from $75.00 to $65.00. Stifel Nicolaus currently has a buy rating on the stock. Intapp traded as low as $52.46 and last traded at $54.26, with a volume of 307788 shares trading hands. The stock had previously closed at $54.55.

Several other research firms have also issued reports on INTA. Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Piper Sandler restated an “overweight” rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group upped their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Barclays reduced their price objective on shares of Intapp from $68.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, Citigroup restated a “neutral” rating on shares of Intapp in a research note on Monday, April 21st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Insiders Place Their Bets

In other Intapp news, CEO John T. Hall sold 33,227 shares of Intapp stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares of the company’s stock, valued at $361,947,786.08. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michele Murgel sold 1,962 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total transaction of $117,720.00. Following the transaction, the insider now owns 182,462 shares in the company, valued at $10,947,720. This trade represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,755 shares of company stock valued at $17,088,761 over the last ninety days. 13.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Intapp

A number of large investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock worth $555,000 after purchasing an additional 171 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after acquiring an additional 224 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Intapp by 8.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock valued at $190,000 after acquiring an additional 239 shares during the period. Global Retirement Partners LLC purchased a new position in Intapp during the 4th quarter valued at $25,000. Finally, Raleigh Capital Management Inc. bought a new position in Intapp in the 4th quarter valued at $25,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Stock Down 0.5 %

The firm has a market cap of $4.31 billion, a PE ratio of -187.10 and a beta of 0.82. The business has a 50 day simple moving average of $57.67 and a two-hundred day simple moving average of $61.22.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

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.