Citigroup Lowers Intapp (NASDAQ:INTA) Price Target to $52.00

Intapp (NASDAQ:INTA) had its target price dropped by stock analysts at Citigroup from $57.00 to $52.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 65.55% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Barclays decreased their price objective on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Stifel Nicolaus upped their price objective on Intapp from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Piper Sandler restated an “overweight” rating and set a $52.00 price objective on shares of Intapp in a research note on Monday, February 26th. Finally, Truist Financial upped 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $48.44.

Intapp Trading Up 1.6 %

Shares of INTA stock opened at $31.41 on Tuesday. Intapp has a twelve month low of $30.36 and a twelve month high of $50.46. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -39.26 and a beta of 0.51. The stock has a fifty day simple moving average of $35.03 and a two-hundred day simple moving average of $37.37.

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

Insiders Place Their Bets

In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $44.11, for a total value of $220,550.00. Following the completion of the sale, the chief operating officer now owns 612,011 shares of the company’s stock, valued at $26,995,805.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO John T. Hall sold 30,344 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total transaction of $1,221,952.88. Following the completion of the transaction, the chief executive officer now directly owns 4,708,775 shares in the company, valued at $189,622,369.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $44.11, for a total value of $220,550.00. Following the sale, the chief operating officer now directly owns 612,011 shares in the company, valued at $26,995,805.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,117,067 shares of company stock valued at $258,544,060. 36.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Intapp

A number of hedge funds have recently modified their holdings of INTA. Allspring Global Investments Holdings LLC grew its holdings in Intapp by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,379 shares of the company’s stock worth $390,000 after acquiring an additional 959 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Intapp by 79.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,611 shares of the company’s stock worth $467,000 after buying an additional 6,035 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Intapp by 160.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,376 shares of the company’s stock valued at $242,000 after buying an additional 3,931 shares during the period. Vanguard Group Inc. increased its holdings in Intapp by 25.1% in 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 in the last quarter. Finally, Praesidium Investment Management Company LLC raised its position in shares of Intapp by 9.4% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock worth $55,748,000 after acquiring an additional 125,455 shares during the period. 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.