Stifel Nicolaus Issues Pessimistic Forecast for Intapp (NASDAQ:INTA) Stock Price

Intapp (NASDAQ:INTA - Get Free Report) had its price target decreased by analysts at Stifel Nicolaus from $65.00 to $60.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 26.96% from the stock's previous close.

INTA has been the topic of a number of other reports. UBS Group lowered their price target on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut shares of Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Barclays dropped their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Truist Financial decreased their price target on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Piper Sandler upgraded Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research report on Tuesday, June 24th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.

Intapp Stock Performance

Shares of NASDAQ INTA traded down $0.66 during midday trading on Tuesday, hitting $47.26. 928,366 shares of the company's stock were exchanged, compared to its average volume of 641,625. Intapp has a twelve month low of $31.08 and a twelve month high of $77.74. The stock's 50 day moving average price is $54.47 and its 200-day moving average price is $59.97.

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

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 2,809 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $56.77, for a total transaction of $159,466.93. Following the sale, the chief operating officer directly owned 435,076 shares of the company's stock, valued at $24,699,264.52. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Benjamin Harrison sold 14,275 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.01, for a total value of $785,267.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,913 shares of company stock worth $4,257,984. Company insiders own 13.02% of the company's stock.

Institutional Investors Weigh In On Intapp

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Intapp by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock valued at $388,352,000 after purchasing an additional 283,923 shares during the period. Invesco Ltd. grew its holdings in shares of Intapp by 6.1% during the first quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock valued at $122,634,000 after buying an additional 120,112 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Intapp by 7.7% during the first quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company's stock valued at $104,064,000 after buying an additional 127,655 shares in the last quarter. Capital World Investors grew its holdings in shares of Intapp by 30.3% during the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after buying an additional 395,804 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Intapp by 0.9% during the first quarter. Jennison Associates LLC now owns 1,550,010 shares of the company's stock valued at $90,490,000 after buying an additional 13,577 shares in the last quarter. Hedge funds and other institutional investors 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.