Intapp (NASDAQ:INTA) Price Target Lowered to $50.00 at Citigroup

Intapp (NASDAQ:INTA) had its price target decreased by Citigroup from $52.00 to $50.00 in a research report report published on Friday, Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. BTIG Research decreased their price target on Intapp from $55.00 to $50.00 and set a buy rating on the stock in a report on Wednesday, May 8th. Oppenheimer decreased their price target on Intapp from $50.00 to $42.00 and set an outperform rating on the stock in a report on Thursday, May 2nd. Barclays decreased their price target on Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a report on Thursday, April 11th. Piper Sandler decreased their price target on Intapp from $52.00 to $46.00 and set an overweight rating on the stock in a report on Friday, May 10th. Finally, Stifel Nicolaus decreased their price target on Intapp from $47.00 to $45.00 and set a buy rating on the stock in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $45.88.

Intapp Stock Performance

Shares of Intapp stock opened at $36.67 on Friday. Intapp has a one year low of $30.36 and a one year high of $45.43. The stock’s fifty day moving average is $34.70 and its 200 day moving average is $36.81. The stock has a market cap of $2.69 billion, a P/E ratio of -60.11 and a beta of 0.61.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The company had revenue of $110.64 million for the quarter, compared to analysts’ expectations of $108.18 million. Analysts predict that Intapp will post -0.37 EPS for the current year.

Insider Activity

In other news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $35.37, for a total transaction of $176,850.00. Following the completion of the transaction, the chief operating officer now owns 648,411 shares in the company, valued at $22,934,297.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $35.37, for a total value of $176,850.00. Following the completion of the transaction, the chief operating officer now owns 648,411 shares in the company, valued at $22,934,297.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $705,200.00. Following the completion of the transaction, the insider now owns 727,759 shares of the company’s stock, valued at approximately $25,660,782.34. The disclosure for this sale can be found here. Insiders sold a total of 55,724 shares of company stock worth $1,923,651 over the last 90 days. Corporate insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC grew its position in Intapp by 3.0% in the fourth quarter. Ellsworth Advisors LLC now owns 8,821 shares of the company’s stock worth $335,000 after acquiring an additional 255 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the last quarter. Assetmark Inc. lifted its stake in Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after purchasing an additional 815 shares during the last quarter. Covestor Ltd lifted its stake in Intapp by 52.0% in the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after purchasing an additional 819 shares during the last quarter. Finally, Comerica Bank lifted its stake in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares during the last quarter. Hedge funds and other 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.