Intapp (NASDAQ:INTA) PT Lowered to $42.00

Intapp (NASDAQ:INTA - Free Report) had its price objective decreased by Barclays from $47.00 to $42.00 in a research report report published on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. Citigroup assumed coverage on shares of Intapp in a research report on Tuesday, January 23rd. They issued a buy rating and a $57.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Intapp from $45.00 to $47.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Piper Sandler reiterated an overweight rating and issued a $52.00 price objective on shares of Intapp in a research report on Monday, February 26th. Finally, Truist Financial lifted their price objective on shares of Intapp from $46.00 to $47.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of Buy and an average price target of $49.22.

Intapp Price Performance

Shares of INTA traded up $0.09 during mid-day trading on Thursday, reaching $32.01. 527,261 shares of the company's stock were exchanged, compared to its average volume of 626,232. The stock has a market capitalization of $2.34 billion, a PE ratio of -39.86 and a beta of 0.51. The business's fifty day simple moving average is $37.27 and its 200-day simple moving average is $37.54. Intapp has a 52-week low of $30.58 and a 52-week high of $50.46.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.05. The business had revenue of $103.93 million for the quarter, compared to analyst estimates of $103.17 million. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. Equities research analysts predict that Intapp will post -0.53 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, Director George R. Neble sold 1,500 shares of the firm's stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the sale, the director now owns 29,047 shares of the company's stock, valued at $911,494.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CMO Scott Fitzgerald sold 8,119 shares of Intapp stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.02, for a total transaction of $365,517.38. Following the completion of the transaction, the chief marketing officer now owns 29,568 shares of the company's stock, valued at approximately $1,331,151.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the transaction, the director now directly owns 29,047 shares of the company's stock, valued at approximately $911,494.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,200,163 shares of company stock valued at $262,243,874. 36.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in INTA. GW&K Investment Management LLC raised its stake in shares of Intapp by 127.5% during the 4th quarter. GW&K Investment Management LLC now owns 1,263,894 shares of the company's stock worth $48,054,000 after buying an additional 708,258 shares during the last quarter. Vanguard Group Inc. raised its stake in Intapp by 25.1% in the 4th quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company's stock valued at $133,585,000 after purchasing an additional 704,268 shares during the last quarter. Jennison Associates LLC raised its stake in Intapp by 81.6% in the 3rd quarter. Jennison Associates LLC now owns 1,152,317 shares of the company's stock valued at $38,626,000 after purchasing an additional 517,899 shares during the last quarter. Fred Alger Management LLC acquired a new position in Intapp in the 3rd quarter valued at about $15,593,000. Finally, Ameriprise Financial Inc. raised its stake in Intapp by 44.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company's stock valued at $45,690,000 after purchasing an additional 422,016 shares during the last quarter. 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.