Truist Financial Issues Pessimistic Forecast for Intapp (NASDAQ:INTA) Stock Price

Intapp (NASDAQ:INTA) had its price objective lowered by Truist Financial from $80.00 to $68.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. Piper Sandler reissued an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Barclays decreased their target price on Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus upped their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup reissued a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, UBS Group upped their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Intapp has a consensus rating of “Moderate Buy” and a consensus price target of $64.91.

Intapp Stock Up 0.5 %

Shares of INTA stock opened at $51.51 on Wednesday. The business’s 50 day moving average is $60.66 and its two-hundred day moving average is $60.88. Intapp has a 12 month low of $30.36 and a 12 month high of $77.74. The company has a market cap of $4.09 billion, a PE ratio of -177.61 and a beta of 0.82.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 112,928 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the transaction, the insider now directly owns 857,250 shares of the company’s stock, valued at $50,809,207.50. The trade was a 11.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David H. Morton, Jr. sold 5,445 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $374,779.35. Following the sale, the chief financial officer now directly owns 38,996 shares of the company’s stock, valued at $2,684,094.68. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,755 shares of company stock worth $17,088,761 over the last ninety days. Corporate insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently modified their holdings of INTA. Raleigh Capital Management Inc. acquired a new position in Intapp during the 4th quarter worth $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp during the fourth quarter valued at $25,000. Farther Finance Advisors LLC boosted its holdings in Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock valued at $31,000 after acquiring an additional 224 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Intapp in the fourth quarter worth about $32,000. Finally, Johnson Financial Group Inc. raised its holdings in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after purchasing an additional 605 shares during the last quarter. Institutional investors and hedge funds 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.