Intapp (NASDAQ:INTA) Price Target Lowered to $52.00 at Citigroup

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

Several other equities analysts have also issued reports on INTA. Truist Financial lifted their price target on shares of Intapp from $46.00 to $47.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Piper Sandler reaffirmed an overweight rating and issued a $52.00 price target on shares of Intapp in a report on Monday, February 26th. Stifel Nicolaus lifted their price target on shares of Intapp from $45.00 to $47.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Finally, Barclays cut their price target on shares of Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a report on Thursday, April 11th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $48.67.

Intapp Stock Up 1.0 %

Shares of NASDAQ:INTA opened at $30.91 on Tuesday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -38.64 and a beta of 0.51. Intapp has a 52 week low of $30.36 and a 52 week high of $50.46. The firm has a 50 day moving average of $35.24 and a 200 day moving average of $37.42.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. The company had revenue of $103.93 million during the quarter, compared to the consensus estimate of $103.17 million. On average, sell-side analysts expect that Intapp will post -0.53 EPS for the current year.

Insider Activity

In other Intapp news, CMO Scott Fitzgerald sold 1,363 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $45.00, for a total value of $61,335.00. Following the sale, the chief marketing officer now directly owns 29,568 shares of the company’s stock, valued at $1,330,560. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Intapp news, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $36.27, for a total value of $253,890,000.00. Following the sale, the insider now directly owns 6,738,269 shares of the company’s stock, valued at $244,397,016.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Scott Fitzgerald sold 1,363 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $45.00, for a total transaction of $61,335.00. Following the completion of the sale, the chief marketing officer now directly owns 29,568 shares in the company, valued at $1,330,560. The disclosure for this sale can be found here. Insiders have sold 7,117,067 shares of company stock valued at $258,544,060 over the last ninety days. 36.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intapp

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Intapp by 5.6% in the third quarter. FMR LLC now owns 4,166,230 shares of the company’s stock worth $139,652,000 after acquiring an additional 221,256 shares during the period. Vanguard Group Inc. raised its position in shares of Intapp by 25.1% in the fourth quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock worth $133,585,000 after acquiring an additional 704,268 shares during the period. Praesidium Investment Management Company LLC raised its position in shares of Intapp by 9.4% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock worth $55,748,000 after acquiring an additional 125,455 shares during the period. Ameriprise Financial Inc. raised its position in shares of Intapp by 44.8% in the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after acquiring an additional 422,016 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Intapp by 12.2% in the fourth quarter. Jennison Associates LLC now owns 1,293,014 shares of the company’s stock worth $49,160,000 after acquiring an additional 140,697 shares during the period. 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.