Intapp (NASDAQ:INTA) Given New $70.00 Price Target at Piper Sandler

Intapp (NASDAQ:INTA - Get Free Report) had its target price cut by stock analysts at Piper Sandler from $71.00 to $70.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's target price points to a potential upside of 22.48% from the company's current price.

A number of other research firms have also issued reports on INTA. UBS Group lifted their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Citigroup reiterated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Truist Financial decreased their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus dropped their target price on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Barclays reduced their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Intapp has a consensus rating of "Moderate Buy" and an average target price of $66.10.

Intapp Trading Down 0.9 %

Shares of INTA stock opened at $57.15 on Wednesday. The company has a market cap of $4.54 billion, a PE ratio of -197.08 and a beta of 0.84. The company's fifty day simple moving average is $57.00 and its 200-day simple moving average is $61.51. Intapp has a 52 week low of $31.08 and a 52 week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The company had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. During the same period last year, the company posted $0.14 earnings per share. The firm's revenue was up 16.7% compared to the same quarter last year. Equities research analysts expect that Intapp will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO David H. Morton, Jr. sold 5,445 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the transaction, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John T. Hall sold 33,227 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. This trade represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,755 shares of company stock worth $17,372,011 in the last three months. 13.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Raleigh Capital Management Inc. acquired a new stake in Intapp in the fourth quarter worth about $25,000. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Intapp in the fourth quarter valued at approximately $32,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Intapp by 414.7% during the first quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock valued at $47,000 after acquiring an additional 647 shares during the period. 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.

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