Intapp (NASDAQ:INTA) Price Target Cut to $45.00 by Analysts at Stifel Nicolaus

Intapp (NASDAQ:INTA) had its target price lowered by Stifel Nicolaus from $47.00 to $45.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also commented on INTA. Piper Sandler reaffirmed an overweight rating and issued a $52.00 price target on shares of Intapp in a research note on Monday, February 26th. Truist Financial raised their price target on Intapp from $46.00 to $47.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Barclays lowered their price objective on Intapp from $47.00 to $42.00 and set an overweight rating for the company in a research report on Thursday, April 11th. Finally, Citigroup lowered their price objective on Intapp from $57.00 to $52.00 and set a buy rating for the company in a research report on Tuesday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of $48.44.

Intapp Stock Up 1.6 %

Shares of INTA stock opened at $31.41 on Wednesday. The stock has a fifty day moving average of $35.03 and a 200 day moving average of $37.37. Intapp has a 52 week low of $30.36 and a 52 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, topping analysts’ consensus estimates of ($0.17) by $0.05. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. The company had revenue of $103.93 million during the quarter, compared to analyst estimates of $103.17 million. Equities analysts anticipate that Intapp will post -0.53 EPS for the current year.

Insider Activity

In other news, CMO Scott Fitzgerald sold 1,363 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $45.00, for a total transaction of $61,335.00. Following the completion of the transaction, the chief marketing officer now directly owns 29,568 shares in the company, valued at $1,330,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intapp news, Director George R. Neble sold 1,500 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the sale, the director now directly owns 29,047 shares in the company, valued at approximately $911,494.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Scott Fitzgerald sold 1,363 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $45.00, for a total value of $61,335.00. Following the sale, the chief marketing officer now owns 29,568 shares of the company’s stock, valued at $1,330,560. The disclosure for this sale can be found here. Insiders sold 7,117,067 shares of company stock worth $258,544,060 over the last three months. 36.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. GW&K Investment Management LLC lifted its holdings in Intapp by 127.5% in the 4th quarter. GW&K Investment Management LLC now owns 1,263,894 shares of the company’s stock worth $48,054,000 after purchasing an additional 708,258 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Intapp by 25.1% during the 4th quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock valued at $133,585,000 after purchasing an additional 704,268 shares during the last quarter. Jennison Associates LLC grew its position in Intapp by 81.6% in the 3rd quarter. Jennison Associates LLC now owns 1,152,317 shares of the company’s stock valued at $38,626,000 after acquiring an additional 517,899 shares during the last quarter. Fred Alger Management LLC bought a new position in Intapp in the 3rd quarter valued at $15,593,000. Finally, Ameriprise Financial Inc. grew its position in Intapp by 44.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after acquiring an additional 422,016 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.