Oppenheimer Reiterates “Market Perform” Rating for Intapp (NASDAQ:INTA)

Intapp (NASDAQ:INTA)‘s stock had its “market perform” rating reissued by Oppenheimer in a research report issued to clients and investors on Monday, Marketbeat.com reports.

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

Intapp Stock Down 2.9 %

Shares of Intapp stock opened at $33.94 on Monday. The company’s 50-day simple moving average is $35.37 and its 200-day simple moving average is $36.68. Intapp has a 52-week low of $30.36 and a 52-week high of $45.43. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -55.64 and a beta of 0.61.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. The company had revenue of $110.64 million during the quarter, compared to the consensus estimate of $108.18 million. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. Equities research analysts anticipate that Intapp will post -0.37 EPS for the current year.

Insider Activity at Intapp

In other Intapp news, insider Michele Murgel sold 4,224 shares of the firm’s stock in a transaction dated 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 $6,341,405.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michele Murgel sold 4,224 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $36.88, for a total transaction of $155,781.12. Following the completion of the sale, the insider now directly owns 171,947 shares in the company, valued at $6,341,405.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $35.37, for a total value of $176,850.00. Following the completion of the transaction, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at approximately $22,934,297.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,224 shares of company stock worth $1,740,331. 36.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Intapp

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

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.