Intapp (NASDAQ:INTA) Price Target Lowered to $52.00 at Citigroup

Intapp (NASDAQ:INTA) had its price objective decreased by Citigroup from $57.00 to $52.00 in a research note published on Tuesday, Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms also recently weighed in on INTA. Piper Sandler reiterated an overweight rating and set a $52.00 price target on shares of Intapp in a research note on Monday, February 26th. Stifel Nicolaus lifted their price target on shares of Intapp from $45.00 to $47.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Truist Financial lifted their price objective on Intapp from $46.00 to $47.00 and gave the company a buy rating in a report on Wednesday, February 7th. Finally, Barclays cut their price objective on Intapp from $47.00 to $42.00 and set an overweight rating for the company in a report on Thursday, April 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Intapp presently has a consensus rating of Buy and a consensus price target of $48.44.

Intapp Trading Up 1.4 %

Shares of Intapp stock opened at $31.88 on Tuesday. The company’s fifty day simple moving average is $34.59 and its 200-day simple moving average is $37.30. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -39.85 and a beta of 0.51. Intapp has a 1 year low of $30.36 and a 1 year high of $50.46.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. The firm had revenue of $103.93 million for the quarter, compared to the consensus estimate of $103.17 million. As a group, research analysts forecast that Intapp will post -0.53 earnings per share for the current fiscal year.

Insider Activity at Intapp

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

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTA. Counterpoint Mutual Funds LLC bought a new stake in Intapp during the 3rd quarter worth about $138,000. Harbor Capital Advisors Inc. raised its holdings in Intapp by 182.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,320 shares of the company’s stock worth $245,000 after purchasing an additional 4,724 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Intapp during the 3rd quarter worth about $52,000. Raymond James & Associates grew its position in shares of Intapp by 91.8% during the 3rd quarter. Raymond James & Associates now owns 62,742 shares of the company’s stock worth $2,103,000 after buying an additional 30,026 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Intapp during the 3rd quarter worth about $576,000. 89.96% of the stock is owned by institutional investors.

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.