Intapp (NASDAQ:INTA) Price Target Cut to $50.00

Intapp (NASDAQ:INTA) had its price objective cut by Citigroup from $52.00 to $50.00 in a report published on Friday, Benzinga reports. They currently have a buy rating on the stock.

INTA has been the subject of a number of other research reports. Barclays cut their target price 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 cut their price objective on Intapp from $50.00 to $42.00 and set an outperform rating for the company in a research report on Thursday, May 2nd. Stifel Nicolaus decreased their target price on Intapp from $47.00 to $45.00 and set a buy rating on the stock in a report on Wednesday, April 24th. BTIG Research cut their price target on Intapp from $55.00 to $50.00 and set a buy rating for the company in a report on Wednesday, May 8th. Finally, Piper Sandler decreased their price objective on shares of Intapp from $52.00 to $46.00 and set an overweight rating on the stock in a report on Friday, May 10th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Intapp currently has an average rating of Buy and an average target price of $45.88.

Intapp Price Performance

Intapp stock opened at $36.67 on Friday. The firm has a market capitalization of $2.69 billion, a P/E ratio of -60.11 and a beta of 0.61. The stock has a fifty day moving average price of $34.70 and a two-hundred day moving average price of $36.80. Intapp has a 52-week low of $30.36 and a 52-week high of $45.43.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $110.64 million during the quarter, compared to analysts’ expectations of $108.18 million. On average, equities research analysts predict that Intapp will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Intapp news, Director George R. Neble sold 1,500 shares of the company’s 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 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 accessible through the SEC website. In other Intapp news, insider Michele Murgel sold 4,224 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $36.88, for a total transaction of $155,781.12. Following the transaction, the insider now owns 171,947 shares in the company, valued at $6,341,405.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director George R. Neble sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the sale, the director now directly owns 29,047 shares of the company’s stock, valued at $911,494.86. The disclosure for this sale can be found here. Insiders sold a total of 55,724 shares of company stock worth $1,923,651 over the last three months. 36.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INTA. Advisors Asset Management Inc. increased its stake in Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares in the last quarter. Comerica Bank grew its holdings in shares of Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after buying an additional 865 shares during the period. Assetmark Inc. increased its position in shares of Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after buying an additional 815 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Intapp by 81,400.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after buying an additional 2,442 shares during the period. Finally, Covestor Ltd lifted its holdings in Intapp by 52.0% during the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after acquiring an additional 819 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

About Intapp

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.