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

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

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

Intapp Stock Performance

Intapp stock opened at $31.88 on Wednesday. The company has a 50-day simple moving average of $34.59 and a 200-day simple moving average of $37.31. The firm has a market capitalization of $2.33 billion, a P/E ratio of -39.85 and a beta of 0.51. Intapp has a one year low of $30.36 and a one year high of $50.46.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. The business had revenue of $103.93 million during 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 forecast that Intapp will post -0.53 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were 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 directly owns 612,011 shares of the company’s stock, valued at approximately $26,995,805.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were 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 directly owns 612,011 shares of the company’s stock, valued at approximately $26,995,805.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $36.27, for a total transaction of $253,890,000.00. Following the completion of the sale, the insider now directly owns 6,738,269 shares of the company’s stock, valued at $244,397,016.63. The disclosure for this sale can be found here. In the last three months, insiders sold 7,117,067 shares of company stock valued at $258,544,060. 36.56% of the stock is owned by insiders.

Institutional Trading of Intapp

A number of hedge funds have recently bought and sold shares of INTA. Harbor Capital Advisors Inc. lifted its stake in Intapp by 182.0% during the third quarter. Harbor Capital Advisors Inc. now owns 7,320 shares of the company’s stock valued at $245,000 after buying an additional 4,724 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Intapp during the third quarter valued at about $52,000. Raymond James & Associates lifted its stake in Intapp by 91.8% during the third quarter. Raymond James & Associates now owns 62,742 shares of the company’s stock valued at $2,103,000 after buying an additional 30,026 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Intapp in the third quarter worth approximately $576,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Intapp by 27.5% in the third quarter. Bank of New York Mellon Corp now owns 86,163 shares of the company’s stock worth $2,888,000 after purchasing an additional 18,592 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.