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

Intapp (NASDAQ:INTA) had its target price decreased by Stifel Nicolaus from $47.00 to $45.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also commented on INTA. Citigroup cut 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. Barclays reduced their price target on Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a research report on Thursday, April 11th. Truist Financial raised their price objective on Intapp from $46.00 to $47.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. Finally, Piper Sandler reiterated an overweight rating and issued a $52.00 target price on shares of Intapp in a report on Monday, February 26th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and an average target price of $48.44.

Intapp Trading Up 1.4 %

Shares of INTA opened at $31.88 on Wednesday. Intapp has a 52 week low of $30.36 and a 52 week high of $50.46. The stock has a fifty day moving average of $34.59 and a 200-day moving average of $37.30.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. The company had revenue of $103.93 million for the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. Sell-side analysts predict that Intapp will post -0.53 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Scott Fitzgerald sold 1,363 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $45.00, for a total value of $61,335.00. Following the transaction, the chief marketing officer now directly owns 29,568 shares of the company’s stock, valued at approximately $1,330,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $44.11, for a total transaction of $220,550.00. Following the sale, the chief operating officer now owns 612,011 shares of the company’s stock, valued at approximately $26,995,805.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Scott Fitzgerald sold 1,363 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $45.00, for a total transaction of $61,335.00. Following the completion of the transaction, 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. Insiders sold a total of 7,117,067 shares of company stock worth $258,544,060 in the last three months. Company insiders own 36.56% of the company’s stock.

Institutional Investors Weigh In On Intapp

Several large investors have recently added to or reduced their stakes in INTA. Assetmark Inc. raised its holdings in shares of Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after acquiring an additional 815 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Intapp during the 3rd quarter valued at about $52,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Intapp by 152.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock valued at $67,000 after buying an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. lifted 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 buying an additional 2,442 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Intapp by 30.5% in the third quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock worth $102,000 after buying an additional 708 shares in the last quarter. 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.