Intapp (NASDAQ:INTA) PT Lowered to $50.00

Intapp (NASDAQ:INTA) had its target price trimmed by BTIG Research from $55.00 to $50.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

INTA has been the subject of several other reports. Truist Financial raised their price objective on shares of Intapp from $46.00 to $47.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Oppenheimer decreased their target price on Intapp from $50.00 to $42.00 and set an outperform rating for the company in a research report on Thursday, May 2nd. Barclays reduced their price objective on Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Piper Sandler reissued an overweight rating and set a $52.00 target price on shares of Intapp in a report on Monday, February 26th. Finally, Citigroup reduced their price target on shares of Intapp from $57.00 to $52.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $47.22.

Intapp Trading Up 2.2 %

Shares of INTA traded up $0.80 during midday trading on Wednesday, reaching $36.95. 1,281,734 shares of the company were exchanged, compared to its average volume of 622,005. The stock has a 50-day moving average price of $33.24 and a 200-day moving average price of $37.13. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -46.19 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 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 for 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%. Equities research analysts anticipate that Intapp will post -0.53 earnings per share for the current year.

Insider Activity at Intapp

In other news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total value of $705,200.00. Following the transaction, the insider now directly owns 727,759 shares of the company’s stock, valued at $25,660,782.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Intapp news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $35.26, for a total transaction of $705,200.00. Following the transaction, the insider now owns 727,759 shares of the company’s stock, valued at approximately $25,660,782.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George R. Neble sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the transaction, 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 sold a total of 7,111,704 shares of company stock valued at $258,193,485 over the last ninety days. Insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INTA. Wellington Management Group LLP increased its holdings in shares of Intapp by 60.0% during the 3rd quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock valued at $33,175,000 after acquiring an additional 371,181 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Intapp by 10.2% in the third quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock valued at $94,167,000 after purchasing an additional 260,610 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Intapp by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,375 shares of the company’s stock worth $6,381,000 after buying an additional 40,444 shares during the period. Scout Investments Inc. acquired a new stake in shares of Intapp in the third quarter valued at about $5,145,000. Finally, Ameriprise Financial Inc. increased its position in Intapp by 44.8% in the 3rd 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. 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.