Piper Sandler Trims Intapp (NASDAQ:INTA) Target Price to $46.00

Intapp (NASDAQ:INTA) had its price objective dropped by stock analysts at Piper Sandler from $52.00 to $46.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 23.66% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Oppenheimer lowered their target price on shares of Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. BTIG Research lowered their target price on shares of Intapp from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays lowered 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. Citigroup lowered 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, Truist Financial upped their price objective on shares of Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $46.13.

Intapp Price Performance

INTA traded up $0.25 during trading on Friday, reaching $37.20. The company had a trading volume of 989,464 shares, compared to its average volume of 625,931. Intapp has a 12 month low of $30.36 and a 12 month high of $50.46. The business’s fifty day moving average price is $33.19 and its 200 day moving average price is $37.13. The company has a market cap of $2.72 billion, a P/E ratio of -46.46 and a beta of 0.56.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $103.93 million for the quarter, compared to analyst estimates of $103.17 million. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. As a group, sell-side analysts predict that Intapp will post -0.53 EPS for the current fiscal year.

Insider Activity at Intapp

In related news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total transaction of $705,200.00. Following the completion of the sale, the insider now owns 727,759 shares of the company’s stock, valued at $25,660,782.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $35.26, for a total value of $705,200.00. Following the completion of the transaction, the insider now owns 727,759 shares of the company’s stock, valued at $25,660,782.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michele Murgel sold 4,860 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total value of $195,712.20. Following the completion of the transaction, the insider now directly owns 133,646 shares of the company’s stock, valued at approximately $5,381,924.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,111,704 shares of company stock worth $258,193,485. Corporate insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of large investors have recently modified their holdings of the company. Assetmark Inc. lifted its stake in Intapp by 164.6% during the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after acquiring an additional 815 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Intapp by 152.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock worth $67,000 after purchasing an additional 1,205 shares during the period. PNC Financial Services Group Inc. increased its stake in Intapp by 81,400.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after purchasing an additional 2,442 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Intapp during the first quarter valued at approximately $86,000. Finally, Amalgamated Bank increased its stake in shares of Intapp by 30.5% during the third quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after buying an additional 708 shares during the period. 89.96% of the stock is currently owned by 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.