Intapp (NASDAQ:INTA) PT Lowered to $52.00

Intapp (NASDAQ:INTA) had its target price lowered by Citigroup from $57.00 to $52.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 65.13% from the company’s previous close.

Several other research firms have also recently weighed in on INTA. Truist Financial boosted their price target on Intapp from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Stifel Nicolaus boosted their target price on shares of Intapp from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Piper Sandler reiterated an “overweight” rating and set a $52.00 price target on shares of Intapp in a report on Monday, February 26th. Finally, Barclays reduced their price target on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $48.67.

Intapp Trading Up 2.9 %

Intapp stock traded up $0.88 during mid-day trading on Tuesday, reaching $31.49. The company had a trading volume of 82,715 shares, compared to its average volume of 603,969. The business has a fifty day simple moving average of $35.42 and a 200 day simple moving average of $37.45. The company has a market cap of $2.30 billion, a P/E ratio of -39.36 and a beta of 0.51. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $50.46.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $103.93 million during the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. Research analysts forecast that Intapp will post -0.53 EPS for the current year.

Insider Buying and Selling

In other news, Director George R. Neble sold 1,500 shares of the 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 transaction, the director now owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director George R. Neble sold 1,500 shares of Intapp 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 directly owns 29,047 shares in the company, valued at $911,494.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Scott Fitzgerald sold 8,119 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.02, for a total transaction of $365,517.38. Following the completion of the sale, the chief marketing officer now owns 29,568 shares in the company, valued at approximately $1,331,151.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,125,186 shares of company stock valued at $258,909,577 over the last ninety days. 36.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INTA. Wellington Management Group LLP raised its stake in shares of Intapp by 60.0% in the third quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock valued at $33,175,000 after buying an additional 371,181 shares during the period. Vanguard Group Inc. lifted its stake in shares of Intapp by 10.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock valued at $94,167,000 after buying an additional 260,610 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Intapp by 27.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,375 shares of the company’s stock worth $6,381,000 after buying an additional 40,444 shares during the period. Scout Investments Inc. bought a new stake in Intapp during the 3rd quarter valued at $5,145,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Intapp by 44.8% during the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after acquiring an additional 422,016 shares in the last quarter. Hedge funds and other 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.