Intapp (NASDAQ:INTA) Price Target Lowered to $50.00 at BTIG Research

Intapp (NASDAQ:INTA - Get Free Report) had its price target decreased by equities research analysts at BTIG Research from $55.00 to $50.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. BTIG Research's price target would suggest a potential upside of 38.31% from the company's previous close.

A number of other equities analysts have also weighed in on INTA. Truist Financial boosted their target price on Intapp from $46.00 to $47.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Piper Sandler restated an "overweight" rating and set a $52.00 price objective on shares of Intapp in a research report on Monday, February 26th. Barclays dropped their target price on shares of Intapp from $47.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, April 11th. Oppenheimer decreased their target price on shares of Intapp from $50.00 to $42.00 and set an "outperform" rating for the company in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus lowered their price target on Intapp from $47.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intapp has an average rating of "Buy" and an average price target of $47.22.

Intapp Price Performance

NASDAQ INTA traded up $3.00 during mid-day trading on Wednesday, reaching $36.15. The stock had a trading volume of 2,300,354 shares, compared to its average volume of 614,469. The stock has a market cap of $2.64 billion, a PE ratio of -45.19 and a beta of 0.56. Intapp has a 1 year low of $30.36 and a 1 year high of $50.46. The company has a fifty day moving average price of $33.29 and a 200 day moving average price of $37.13.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.05. The business had revenue of $103.93 million during the quarter, compared to analyst estimates 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 research analysts expect that Intapp will post -0.53 earnings per share for the current year.

Insider Activity

In related news, 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 transaction of $47,070.00. Following the transaction, the director now directly owns 29,047 shares in the company, valued at $911,494.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Thad Jampol sold 15,000 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $40.03, for a total value of $600,450.00. Following the transaction, the insider now directly owns 707,650 shares in the company, valued at $28,327,229.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George R. Neble sold 1,500 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the sale, 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. Insiders sold a total of 7,106,704 shares of company stock valued at $258,088,735 in the last 90 days. Company insiders own 36.56% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Intapp by 5.6% during the third quarter. FMR LLC now owns 4,166,230 shares of the company's stock worth $139,652,000 after acquiring an additional 221,256 shares during the last quarter. Vanguard Group Inc. boosted its stake in Intapp by 25.1% during the fourth quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company's stock valued at $133,585,000 after buying an additional 704,268 shares during the last quarter. Praesidium Investment Management Company LLC grew its holdings in Intapp by 9.4% during the 4th quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company's stock valued at $55,748,000 after buying an additional 125,455 shares in the last quarter. Ameriprise Financial Inc. increased 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 worth $45,690,000 after acquiring an additional 422,016 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Intapp by 12.2% during the 4th quarter. Jennison Associates LLC now owns 1,293,014 shares of the company's stock worth $49,160,000 after acquiring an additional 140,697 shares in the last quarter. 89.96% of the stock is 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.