Intapp (NASDAQ:INTA) Shares Down 4.5% – Here’s What Happened

by · The Cerbat Gem

Shares of Intapp, Inc. (NASDAQ:INTA – Get Free Report) dropped 4.5% on Friday . The company traded as low as $51.24 and last traded at $51.34. Approximately 77,806 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 653,018 shares. The stock had previously closed at $53.77.

Analyst Ratings Changes

Several equities research analysts recently weighed in on INTA shares. Truist Financial upped their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Citigroup reiterated a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus boosted their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Barclays upped their price target on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.45.

Check Out Our Latest Stock Analysis on Intapp

Intapp Price Performance

The company’s 50 day simple moving average is $63.00 and its 200 day simple moving average is $60.82. The company has a market capitalization of $4.11 billion, a PE ratio of -177.34 and a beta of 0.82.

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

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 112,928 shares of Intapp stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $59.27, for a total value of $6,693,242.56. Following the transaction, the insider now directly owns 857,250 shares in the company, valued at approximately $50,809,207.50. The trade was a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michele Murgel sold 1,962 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of 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 worth $17,088,761 in the last quarter. 13.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently bought and sold shares of INTA. Global Retirement Partners LLC purchased a new position in Intapp during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Intapp during the fourth quarter worth $32,000. Johnson Financial Group Inc. raised its position in Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after acquiring an additional 605 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Intapp in the fourth quarter valued at $64,000. 89.96% of the stock is owned by institutional investors and hedge funds.

About Intapp

(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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