Intapp (NASDAQ:INTA) Price Target Lowered to $50.00 at Citigroup

Intapp (NASDAQ:INTA) had its price target trimmed by Citigroup from $52.00 to $50.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently weighed in on INTA. BTIG Research dropped their price target on shares of Intapp from $55.00 to $50.00 and set a buy rating for the company in a research note on Wednesday, May 8th. Barclays dropped their price target 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. Oppenheimer dropped their price target on shares of Intapp from $50.00 to $42.00 and set an outperform rating for the company in a research note on Thursday, May 2nd. Piper Sandler dropped their price target on shares of Intapp from $52.00 to $46.00 and set an overweight rating for the company in a research note on Friday, May 10th. Finally, Stifel Nicolaus dropped their price target on shares of Intapp from $47.00 to $45.00 and set a buy rating for the company in a research note on Wednesday, April 24th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $45.88.

Intapp Trading Up 1.7 %

Shares of NASDAQ INTA opened at $36.67 on Friday. Intapp has a 12-month low of $30.36 and a 12-month high of $45.43. The stock has a market cap of $2.69 billion, a PE ratio of -60.11 and a beta of 0.61. The company has a 50-day moving average of $34.70 and a 200 day moving average of $36.81.

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

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 10,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $31.87, for a total transaction of $318,700.00. Following the sale, the insider now directly owns 727,759 shares in the company, valued at approximately $23,193,679.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $35.37, for a total transaction of $176,850.00. Following the sale, the chief operating officer now directly owns 648,411 shares in the company, valued at approximately $22,934,297.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thad Jampol sold 10,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $31.87, for a total transaction of $318,700.00. Following the sale, the insider now owns 727,759 shares in the company, valued at $23,193,679.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,724 shares of company stock valued at $1,923,651. Company insiders own 36.56% of the company’s stock.

Institutional Investors Weigh In On Intapp

A number of hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP acquired a new stake in shares of Intapp in the 4th quarter valued at $1,616,000. Vanguard Group Inc. raised its holdings in shares of Intapp by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock valued at $94,167,000 after purchasing an additional 260,610 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Intapp by 60.0% in the 3rd quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock valued at $33,175,000 after purchasing an additional 371,181 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Intapp by 498.3% in the 4th quarter. TD Asset Management Inc now owns 45,090 shares of the company’s stock valued at $1,714,000 after purchasing an additional 37,554 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Intapp by 27.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,375 shares of the company’s stock valued at $6,381,000 after purchasing an additional 40,444 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.