Intapp (NASDAQ:INTA) Price Target Cut to $52.00 by Analysts at Citigroup

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

Other equities analysts also recently issued reports about the company. Piper Sandler reissued an overweight rating and issued a $52.00 target price on shares of Intapp in a research report on Monday, February 26th. Truist Financial increased 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. Stifel Nicolaus lifted their target price on Intapp from $45.00 to $47.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Finally, Barclays cut their price target 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $48.44.

Intapp Stock Up 0.1 %

Shares of INTA stock opened at $31.45 on Tuesday. Intapp has a 12-month low of $30.36 and a 12-month high of $50.46. The business’s fifty day simple moving average is $34.80 and its 200-day simple moving average is $37.33.

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

Insider Buying and Selling

In other Intapp news, CEO John T. Hall sold 30,344 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total transaction of $1,221,952.88. Following the completion of the transaction, the chief executive officer now owns 4,708,775 shares of the company’s stock, valued at $189,622,369.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Intapp news, CMO Scott Fitzgerald sold 1,363 shares of the stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 29,568 shares in the company, valued at approximately $1,330,560. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John T. Hall sold 30,344 shares of the firm’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 transaction of $1,221,952.88. Following the completion of the transaction, the chief executive officer now directly owns 4,708,775 shares of the company’s stock, valued at approximately $189,622,369.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,117,067 shares of company stock worth $258,544,060. Company insiders own 36.56% of the company’s stock.

Institutional Trading of Intapp

Hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in Intapp by 5.6% during the 3rd quarter. FMR LLC now owns 4,166,230 shares of the company’s stock worth $139,652,000 after purchasing an additional 221,256 shares during the period. Vanguard Group Inc. grew its position in shares of Intapp by 25.1% during the fourth quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock worth $133,585,000 after buying an additional 704,268 shares in the last quarter. Praesidium Investment Management Company LLC grew its position in shares of Intapp by 9.4% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock worth $55,748,000 after buying an additional 125,455 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Intapp by 44.8% during the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after buying an additional 422,016 shares during the period. Finally, Jennison Associates LLC raised its holdings in Intapp by 12.2% in the fourth quarter. Jennison Associates LLC now owns 1,293,014 shares of the company’s stock valued at $49,160,000 after acquiring an additional 140,697 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.