Intapp (NASDAQ:INTA) Price Target Cut to $42.00 by Analysts at Oppenheimer

Intapp (NASDAQ:INTA) had its price objective trimmed by Oppenheimer from $50.00 to $42.00 in a report published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on INTA. Piper Sandler restated an overweight rating and set a $52.00 price target on shares of Intapp in a research note on Monday, February 26th. Citigroup lowered their target price on Intapp from $57.00 to $52.00 and set a buy rating for the company in a report on Tuesday, April 23rd. Stifel Nicolaus cut their price target on shares of Intapp from $47.00 to $45.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. Truist Financial raised their price objective on shares of Intapp from $46.00 to $47.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Finally, Barclays dropped 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intapp has a consensus rating of Buy and an average price target of $47.78.

Intapp Stock Performance

Shares of NASDAQ INTA traded down $0.21 during trading on Thursday, hitting $31.00. 581,471 shares of the company were exchanged, compared to its average volume of 429,272. Intapp has a 12-month low of $30.36 and a 12-month high of $50.46. The company has a fifty day moving average price of $33.56 and a 200-day moving average price of $37.15. The firm has a market capitalization of $2.26 billion, a PE ratio of -38.75 and a beta of 0.56.

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

Insider Buying and Selling

In other Intapp news, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the sale, the director now directly owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Thad Jampol sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $31.87, for a total transaction of $318,700.00. Following the completion of the sale, the insider now owns 727,759 shares in the company, valued at approximately $23,193,679.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George R. Neble sold 1,500 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,106,704 shares of company stock worth $258,088,735. Corporate insiders own 36.56% of the company’s stock.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 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 valued at $50,000 after buying an additional 815 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Intapp in the 3rd quarter valued at $52,000. Allspring Global Investments Holdings LLC boosted its stake in Intapp by 152.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock worth $67,000 after purchasing an additional 1,205 shares during the period. PNC Financial Services Group Inc. grew its position in Intapp by 81,400.0% during 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, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Intapp in the first quarter valued at $86,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.