Intapp (NASDAQ:INTA) PT Lowered to $52.00

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

Several other analysts also recently weighed in on INTA. Barclays reduced their target price on Intapp from $47.00 to $42.00 and set an overweight rating for the company in a report on Thursday, April 11th. Truist Financial upped their price objective on Intapp from $46.00 to $47.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Stifel Nicolaus upped their price objective on Intapp from $45.00 to $47.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Finally, Piper Sandler reaffirmed an overweight rating and set a $52.00 price objective on shares of Intapp in a research note on Monday, February 26th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and an average target price of $48.67.

Intapp Stock Performance

Intapp stock opened at $30.91 on Tuesday. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $50.46. The company has a market capitalization of $2.26 billion, a P/E ratio of -38.64 and a beta of 0.51. The stock has a 50-day simple moving average of $35.24 and a 200-day simple moving average of $37.42.

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

Insiders Place Their Bets

In other Intapp news, CMO Scott Fitzgerald sold 1,363 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $45.00, for a total transaction of $61,335.00. Following the transaction, the chief marketing officer now owns 29,568 shares in the company, valued at approximately $1,330,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Scott Fitzgerald sold 1,363 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $45.00, for a total value of $61,335.00. Following the sale, the chief marketing officer now owns 29,568 shares in the company, valued at approximately $1,330,560. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $44.11, for a total value of $220,550.00. Following the completion of the sale, the chief operating officer now owns 612,011 shares in the company, valued at approximately $26,995,805.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,117,067 shares of company stock worth $258,544,060. Company insiders own 36.56% of the company’s stock.

Institutional Investors Weigh In On Intapp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. lifted its stake in Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after buying an additional 815 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Intapp in the 3rd quarter valued at approximately $52,000. Allspring Global Investments Holdings LLC lifted 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 valued at $67,000 after buying an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. lifted 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 valued at $82,000 after buying an additional 2,442 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Intapp by 30.5% in the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after buying an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.