Intapp (NASDAQ:INTA) Price Target Cut to $42.00

Intapp (NASDAQ:INTA) had its price target lowered by Oppenheimer from $50.00 to $42.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on INTA. Truist Financial upped their price target on shares of Intapp from $46.00 to $47.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Piper Sandler reaffirmed an overweight rating and issued a $52.00 price target on shares of Intapp in a research note on Monday, February 26th. Barclays dropped their price target on shares of Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Citigroup dropped their price target on shares of Intapp from $57.00 to $52.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus dropped their price target on shares of Intapp from $47.00 to $45.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intapp presently has an average rating of Buy and an average target price of $47.78.

Intapp Stock Down 0.7 %

Shares of INTA traded down $0.21 during mid-day trading on Thursday, reaching $31.00. The company’s stock had a trading volume of 581,471 shares, compared to its average volume of 429,272. The business has a fifty day moving average of $33.56 and a 200 day moving average of $37.15. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -38.75 and a beta of 0.56. Intapp has a 1 year low of $30.36 and a 1 year high of $50.46.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (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 analyst estimates of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. On average, analysts predict that Intapp will post -0.53 earnings per share for the current year.

Insiders Place Their Bets

In other Intapp news, Director Ralph Baxter sold 30,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $41.04, for a total transaction of $1,231,200.00. Following the transaction, the director now directly owns 5,624 shares of the company’s stock, valued at $230,808.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Ralph Baxter sold 30,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $41.04, for a total value of $1,231,200.00. Following the sale, the director now directly owns 5,624 shares of the company’s stock, valued at $230,808.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George R. Neble sold 1,500 shares of the firm’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 in the company, valued at $911,494.86. The disclosure for this sale can be found here. Insiders have sold 7,106,704 shares of company stock valued at $258,088,735 over the last three months. 36.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after purchasing an additional 815 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Intapp in the third quarter valued at about $52,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Intapp by 152.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock valued at $67,000 after buying an additional 1,205 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Intapp by 81,400.0% in the third quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock valued at $82,000 after buying an additional 2,442 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Intapp in the first quarter valued at about $86,000. 89.96% of the stock is owned by institutional investors and hedge funds.

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.