Intapp (NASDAQ:INTA) Price Target Cut to $45.00

Intapp (NASDAQ:INTA) had its target price reduced by equities research analysts at Stifel Nicolaus from $47.00 to $45.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 43.08% from the company’s current price.

Several other brokerages have also issued reports on INTA. Piper Sandler reissued an “overweight” rating and issued a $52.00 target price on shares of Intapp in a research report on Monday, February 26th. Barclays reduced 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. Citigroup reduced 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. Finally, Truist Financial raised their price objective on Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $48.44.

Intapp Price Performance

Shares of NASDAQ:INTA opened at $31.45 on Wednesday. Intapp has a 52-week low of $30.36 and a 52-week high of $50.46. The stock has a 50 day moving average price of $34.80 and a 200-day moving average price of $37.33.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $103.93 million during the quarter, compared to analyst estimates of $103.17 million. On average, equities analysts anticipate that Intapp will post -0.53 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In other news, Director George R. Neble sold 1,500 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the transaction, the director now directly owns 29,047 shares in the company, valued at approximately $911,494.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the transaction, the director now directly owns 29,047 shares in the company, valued at $911,494.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thad Jampol sold 15,000 shares of Intapp stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $40.03, for a total value of $600,450.00. Following the transaction, the insider now owns 707,650 shares in the company, valued at $28,327,229.50. The disclosure for this sale can be found here. Insiders have sold a total of 7,117,067 shares of company stock worth $258,544,060 in the last ninety days. Insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in Intapp by 5.6% during the third quarter. FMR LLC now owns 4,166,230 shares of the company’s stock valued at $139,652,000 after purchasing an additional 221,256 shares in the last quarter. Vanguard Group Inc. lifted its position in Intapp by 25.1% during the fourth 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 in the last quarter. Praesidium Investment Management Company LLC raised its holdings in Intapp by 9.4% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock valued at $55,748,000 after acquiring an additional 125,455 shares during the period. Ameriprise Financial Inc. raised its holdings in Intapp by 44.8% during the third 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 period. Finally, Jennison Associates LLC raised its holdings in Intapp by 12.2% during the fourth quarter. Jennison Associates LLC now owns 1,293,014 shares of the company’s stock valued at $49,160,000 after acquiring an additional 140,697 shares during the period. 89.96% of the stock is currently 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.