Truist Financial Cuts Intapp (NASDAQ:INTA) Price Target to $68.00

Intapp (NASDAQ:INTA - Get Free Report) had its price objective reduced by stock analysts at Truist Financial from $80.00 to $68.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 42.32% from the company's current price.

INTA has been the topic of a number of other research reports. Piper Sandler reaffirmed an "overweight" rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Stifel Nicolaus lifted their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Barclays dropped their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. UBS Group increased their price target 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. Finally, Raymond James reaffirmed a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $64.91.

Intapp Stock Down 7.2 %

Shares of Intapp stock traded down $3.73 during trading on Wednesday, reaching $47.78. The company's stock had a trading volume of 289,514 shares, compared to its average volume of 655,868. The company has a 50-day simple moving average of $60.66 and a two-hundred day simple moving average of $61.07. Intapp has a 1-year low of $30.36 and a 1-year high of $77.74. The company has a market cap of $3.79 billion, a price-to-earnings ratio of -164.75 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, analysts anticipate that Intapp will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Intapp

In related news, insider Thad Jampol sold 20,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the completion of the sale, the insider now directly owns 857,250 shares of the company's stock, valued at $48,991,837.50. The trade was a 2.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michele Murgel sold 7,531 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the completion of the sale, the insider now directly owns 223,945 shares of the company's stock, valued at $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,755 shares of company stock worth $17,088,761 over the last ninety days. Corporate insiders own 13.02% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC increased its position in Intapp by 90.1% in the 3rd quarter. Barclays PLC now owns 106,781 shares of the company's stock valued at $5,108,000 after acquiring an additional 50,607 shares during the period. Geode Capital Management LLC grew its stake in shares of Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock valued at $50,291,000 after purchasing an additional 95,035 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Intapp during the third quarter worth approximately $609,000. Sanctuary Advisors LLC acquired a new stake in shares of Intapp during the third quarter worth $239,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Intapp in the 3rd quarter valued at $64,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.