Intapp (NASDAQ:INTA) PT Lowered to $42.00 at Oppenheimer

Intapp (NASDAQ:INTA - Free Report) had its price target reduced by Oppenheimer from $50.00 to $42.00 in a research report sent to investors on Thursday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on INTA. Stifel Nicolaus reduced their price objective on Intapp from $47.00 to $45.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. Piper Sandler reaffirmed an overweight rating and issued a $52.00 price objective on shares of Intapp in a research note on Monday, February 26th. Citigroup reduced their price objective on Intapp from $57.00 to $52.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. Truist Financial lifted their price objective on Intapp from $46.00 to $47.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Finally, Barclays reduced their price objective on Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $47.78.

Intapp Trading Up 0.2 %

INTA traded up $0.06 on Thursday, hitting $31.21. 371,849 shares of the company's stock traded hands, compared to its average volume of 590,737. The company's 50 day simple moving average is $33.98 and its 200-day simple moving average is $37.23. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -38.78 and a beta of 0.56. Intapp has a one year low of $30.36 and a one year high of $50.46.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. The company had revenue of $103.93 million for the quarter, compared to the consensus estimate of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. As a group, equities analysts anticipate that Intapp will post -0.53 EPS for the current fiscal year.

Insider Transactions at Intapp

In related news, Director George R. Neble sold 1,500 shares of the business's stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares in the company, valued at approximately $911,494.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Thad Jampol sold 10,000 shares of the business's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $31.87, for a total transaction of $318,700.00. Following the completion of the transaction, the insider now owns 727,759 shares in the company, valued at approximately $23,193,679.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George R. Neble sold 1,500 shares of the business's stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total value of $47,070.00. Following the transaction, the director now owns 29,047 shares of the company's stock, valued at approximately $911,494.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,111,704 shares of company stock worth $258,309,285. 36.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intapp

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company's stock worth $50,000 after buying an additional 815 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Intapp in the 3rd quarter worth $52,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Intapp by 152.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company's stock worth $67,000 after buying an additional 1,205 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Intapp by 81,400.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company's stock worth $82,000 after buying an additional 2,442 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of Intapp by 30.5% in the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company's stock worth $102,000 after buying an additional 708 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.