Intapp (NASDAQ:INTA) Price Target Lowered to $65.00 at Stifel Nicolaus

Intapp (NASDAQ:INTA) had its target price lowered by Stifel Nicolaus from $75.00 to $65.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. UBS Group boosted their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Piper Sandler reiterated an “overweight” rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Truist Financial dropped their price target on Intapp from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Barclays reduced their price objective on Intapp from $68.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Finally, Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Intapp Stock Up 2.2 %

Shares of NASDAQ INTA opened at $55.44 on Tuesday. The firm has a market cap of $4.40 billion, a P/E ratio of -191.17 and a beta of 0.82. Intapp has a twelve month low of $30.42 and a twelve month high of $77.74. The company has a 50 day moving average of $57.46 and a 200 day moving average of $61.26.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, equities analysts expect that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 7,531 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $518,358.73. Following the sale, the insider now owns 223,945 shares in the company, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David H. Morton, Jr. sold 5,445 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the transaction, the chief financial officer now directly owns 38,996 shares in the company, valued at $2,684,094.68. This represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,755 shares of company stock valued at $17,088,761 over the last quarter. 13.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intapp

A number of institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. bought a new position in shares of Intapp in the fourth quarter worth about $25,000. Global Retirement Partners LLC purchased a new position in Intapp in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its stake in Intapp by 74.2% in the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after purchasing an additional 224 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Intapp during the 4th quarter valued at approximately $32,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Intapp by 414.7% during the first quarter. Nisa Investment Advisors LLC now owns 803 shares of the company’s stock valued at $47,000 after buying an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.