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

Intapp (NASDAQ:INTA) had its price objective trimmed by Citigroup from $57.00 to $52.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

INTA has been the subject of a number of other reports. Barclays decreased their price objective on shares of Intapp from $47.00 to $42.00 and set an overweight rating for the company in a report on Thursday, April 11th. Stifel Nicolaus raised their price objective on Intapp from $45.00 to $47.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Piper Sandler restated an overweight rating and issued a $52.00 target price on shares of Intapp in a report on Monday, February 26th. Finally, Truist Financial increased their price target on Intapp from $46.00 to $47.00 and gave the company a buy rating in a report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intapp presently has a consensus rating of Buy and a consensus target price of $48.44.

Intapp Stock Up 0.1 %

INTA opened at $31.45 on Tuesday. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $50.46. The business has a 50-day moving average of $34.80 and a 200-day moving average of $37.33.

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

Insider Activity at Intapp

In other Intapp news, Director George R. Neble sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 approximately $911,494.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director George R. Neble sold 1,500 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 29,047 shares of the company’s stock, valued at $911,494.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Scott Fitzgerald sold 1,363 shares of the business’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 approximately $1,330,560. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,117,067 shares of company stock worth $258,544,060. Company insiders own 36.56% of the company’s stock.

Institutional Investors Weigh In On Intapp

A number of large investors have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in shares of Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after buying an additional 815 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Intapp during the third quarter valued at approximately $52,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Intapp by 152.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock valued at $67,000 after purchasing an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Intapp by 81,400.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after purchasing an additional 2,442 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Intapp by 30.5% in the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after buying an additional 708 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

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.