Stifel Nicolaus Trims Intapp (NASDAQ:INTA) Target Price to $45.00

Intapp (NASDAQ:INTA) had its price target dropped by equities research analysts at Stifel Nicolaus from $47.00 to $45.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 43.08% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Citigroup lowered their price target on shares of Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday. Piper Sandler reaffirmed an “overweight” rating and issued a $52.00 price target on shares of Intapp in a report on Monday, February 26th. Truist Financial upped their price target on shares of Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Barclays lowered 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, Intapp has a consensus rating of “Buy” and an average target price of $48.44.

Intapp Price Performance

NASDAQ INTA opened at $31.45 on Wednesday. The stock’s fifty day moving average price is $34.80 and its 200 day moving average price is $37.33. Intapp has a 1 year low of $30.36 and a 1 year high of $50.46.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) 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 firm had revenue of $103.93 million for the quarter, compared to the consensus estimate of $103.17 million. Sell-side analysts forecast that Intapp will post -0.53 EPS for the current fiscal year.

Insider Activity

In other news, Director George R. Neble sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the sale, the director now directly owns 29,047 shares in the company, valued at approximately $911,494.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Thad Jampol sold 10,000 shares of Intapp stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $31.87, for a total value of $318,700.00. Following the sale, the insider now directly owns 727,759 shares in the company, valued at approximately $23,193,679.33. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the sale, the director now owns 29,047 shares in the company, valued at $911,494.86. The disclosure for this sale can be found here. Insiders have sold 7,117,067 shares of company stock worth $258,544,060 in the last ninety days. Company insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Ellsworth Advisors LLC lifted its stake in Intapp by 3.0% in the 4th quarter. Ellsworth Advisors LLC now owns 8,821 shares of the company’s stock worth $335,000 after purchasing an additional 255 shares in the last quarter. Keybank National Association OH lifted its stake in Intapp by 7.1% in the 3rd quarter. Keybank National Association OH now owns 8,257 shares of the company’s stock worth $277,000 after purchasing an additional 544 shares in the last quarter. Nordea Investment Management AB lifted its stake in Intapp by 0.5% in the 3rd quarter. Nordea Investment Management AB now owns 130,893 shares of the company’s stock worth $4,417,000 after purchasing an additional 641 shares in the last quarter. 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 worth $102,000 after purchasing an additional 708 shares in the last quarter. Finally, 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 worth $50,000 after purchasing an additional 815 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.