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

Intapp (NASDAQ:INTA) had its price target cut by investment analysts at Stifel Nicolaus from $47.00 to $45.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 45.58% from the company’s previous close.

Several other equities research analysts also recently weighed in on INTA. Piper Sandler reissued an “overweight” rating and issued a $52.00 price target on shares of Intapp in a report on Monday, February 26th. Truist Financial raised their price target on Intapp from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Citigroup reduced their price objective on Intapp from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Barclays reduced their price objective on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Intapp presently has a consensus rating of “Buy” and a consensus price target of $48.44.

Intapp Stock Up 1.0 %

Shares of NASDAQ:INTA opened at $30.91 on Wednesday. Intapp has a 52 week low of $30.36 and a 52 week high of $50.46. The firm has a 50 day moving average of $35.24 and a 200 day moving average of $37.42. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -38.64 and a beta of 0.51.

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 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 company had revenue of $103.93 million for the quarter, compared to the consensus estimate of $103.17 million. On average, sell-side analysts expect that Intapp will post -0.53 EPS for the current year.

Insider Activity at Intapp

In related news, CMO Scott Fitzgerald sold 1,363 shares of Intapp stock in a transaction that occurred 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 $1,330,560. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Intapp news, CEO John T. Hall sold 30,344 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total value of $1,221,952.88. Following the sale, the chief executive officer now directly owns 4,708,775 shares of the company’s stock, valued at $189,622,369.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Scott Fitzgerald sold 1,363 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $45.00, for a total value 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 $1,330,560. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,117,067 shares of company stock worth $258,544,060. 36.56% of the stock is owned by corporate insiders.

Institutional Trading of Intapp

Institutional investors have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in shares of Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after acquiring an additional 815 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Intapp during the third quarter worth $52,000. Allspring Global Investments Holdings LLC boosted its stake in Intapp by 152.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock worth $67,000 after buying an additional 1,205 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Intapp by 81,400.0% during the third 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% during the third quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock worth $102,000 after buying an additional 708 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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.