Intapp (NASDAQ:INTA) Price Target Lowered to $53.00 at Citigroup

Intapp (NASDAQ:INTA - Get Free Report) had its price target decreased by stock analysts at Citigroup from $66.00 to $53.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target would indicate a potential upside of 24.59% from the stock's current price.

A number of other brokerages have also recently commented on INTA. Stifel Nicolaus reduced their target price on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price objective for the company in a research note on Tuesday, June 24th. Barclays lowered shares of Intapp from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $60.00 to $44.00 in a research note on Monday, July 14th. Truist Financial reduced their target price on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group reduced their target price on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.11.

Intapp Trading Down 2.2%

INTA traded down $0.95 during trading on Wednesday, hitting $42.54. 784,728 shares of the company traded hands, compared to its average volume of 659,983. The company has a market cap of $3.44 billion, a PE ratio of -177.25, a P/E/G ratio of 7.92 and a beta of 0.76. The stock's 50-day simple moving average is $52.51 and its two-hundred day simple moving average is $58.70. Intapp has a 1 year low of $31.08 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative net margin of 3.78% and a negative return on equity of 1.19%. The company had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same quarter last year, the business posted $0.14 EPS. The firm's revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts expect that Intapp will post -0.14 EPS for the current year.

Insider Transactions at Intapp

In related news, CFO David H. Morton, Jr. sold 10,000 shares of Intapp stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.02, for a total value of $550,200.00. Following the completion of the sale, the chief financial officer owned 32,739 shares in the company, valued at approximately $1,801,299.78. The trade was a 23.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Hall sold 31,200 shares of Intapp stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $55.01, for a total transaction of $1,716,312.00. Following the completion of the sale, the chief executive officer owned 5,445,335 shares of the company's stock, valued at approximately $299,547,878.35. This trade represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,913 shares of company stock valued at $4,257,984 in the last three months. 13.02% of the stock is owned by company insiders.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in shares of Intapp by 79.4% in the 4th quarter. Wells Fargo & Company MN now owns 30,607 shares of the company's stock valued at $1,962,000 after buying an additional 13,543 shares in the last quarter. Rhumbline Advisers boosted its position in Intapp by 7.2% during the first quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock worth $4,577,000 after purchasing an additional 5,257 shares during the period. Prudential Financial Inc. boosted its position in Intapp by 92.3% during the fourth quarter. Prudential Financial Inc. now owns 669,277 shares of the company's stock worth $42,894,000 after purchasing an additional 321,329 shares during the period. Swiss National Bank boosted its position in Intapp by 5.6% during the fourth quarter. Swiss National Bank now owns 106,000 shares of the company's stock worth $6,794,000 after purchasing an additional 5,600 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Intapp by 669.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 152,992 shares of the company's stock worth $9,806,000 after purchasing an additional 133,108 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

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.