Intapp (NASDAQ:INTA) Given New $45.00 Price Target at Stifel Nicolaus

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

A number of other equities research analysts have also issued reports on INTA. Barclays reduced their target price on shares of Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a report on Thursday, April 11th. Truist Financial increased their target price on shares of Intapp from $46.00 to $47.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Citigroup reduced their target price on shares of Intapp from $57.00 to $52.00 and set a buy rating on the stock in a report on Tuesday, April 23rd. Finally, Piper Sandler reiterated an overweight rating and set a $52.00 target price on shares of Intapp in a report on Monday, February 26th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $48.44.

Intapp Stock Performance

Shares of INTA stock opened at $31.88 on Wednesday. The firm’s 50 day moving average price is $34.59 and its 200-day moving average price is $37.31. Intapp has a one year low of $30.36 and a one year high of $50.46. The firm has a market cap of $2.33 billion, a P/E ratio of -39.85 and a beta of 0.51.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate 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 analyst estimates of $103.17 million. As a group, research analysts predict that Intapp will post -0.53 EPS for the current fiscal year.

Insider Activity

In related news, CMO Scott Fitzgerald sold 1,363 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $45.00, for a total value of $61,335.00. Following the transaction, the chief marketing officer now directly owns 29,568 shares of the company’s stock, valued at approximately $1,330,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $36.27, for a total value of $253,890,000.00. Following the transaction, the insider now directly owns 6,738,269 shares of the company’s stock, valued at approximately $244,397,016.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Scott Fitzgerald sold 1,363 shares of the stock in a transaction on Monday, January 29th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 7,117,067 shares of company stock worth $258,544,060. 36.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of INTA. Wellington Management Group LLP grew its position in Intapp by 60.0% during the 3rd quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock worth $33,175,000 after purchasing an additional 371,181 shares during the last quarter. Vanguard Group Inc. grew its position in Intapp by 10.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock worth $94,167,000 after purchasing an additional 260,610 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Intapp by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,375 shares of the company’s stock worth $6,381,000 after purchasing an additional 40,444 shares during the last quarter. Scout Investments Inc. purchased a new position in Intapp during the 3rd quarter worth $5,145,000. Finally, Ameriprise Financial Inc. grew its position in Intapp by 44.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after purchasing 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.