Stifel Nicolaus Cuts Intapp (NASDAQ:INTA) Price Target to $65.00

Intapp (NASDAQ:INTA) had its price target cut by Stifel Nicolaus from $75.00 to $65.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Truist Financial cut their target price on Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Piper Sandler reiterated an “overweight” rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. UBS Group upped their price target on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Barclays reduced their price objective on Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Intapp presently has an average rating of “Moderate Buy” and an average price target of $64.00.

Intapp Price Performance

INTA stock opened at $55.44 on Tuesday. The firm has a 50 day simple moving average of $57.46 and a two-hundred day simple moving average of $61.26. The stock has a market cap of $4.40 billion, a PE ratio of -191.17 and a beta of 0.82. Intapp has a one year low of $30.42 and a one year high of $77.74.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. On average, research analysts expect that Intapp will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In other news, insider Thad Jampol sold 112,928 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the completion of the transaction, the insider now owns 857,250 shares in the company, valued at $50,809,207.50. This trade represents a 11.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $518,358.73. Following the completion of the sale, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,755 shares of company stock valued at $17,088,761. Company insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

Several hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. purchased a new position in shares of Intapp during the fourth quarter valued at approximately $291,000. Venturi Wealth Management LLC bought a new position in Intapp during the 4th quarter valued at approximately $305,000. Charles Schwab Investment Management Inc. raised its stake in Intapp by 17.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company’s stock valued at $28,755,000 after buying an additional 67,694 shares during the last quarter. Barclays PLC boosted its holdings in Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock worth $5,108,000 after acquiring an additional 50,607 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Intapp in the fourth quarter worth $378,000. Institutional investors own 89.96% of the company’s stock.

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.