Intapp (NASDAQ:INTA) Given New $50.00 Price Target at Citigroup

Intapp (NASDAQ:INTA) had its target price trimmed by Citigroup from $52.00 to $50.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also issued reports on INTA. Oppenheimer dropped their target price on Intapp from $50.00 to $42.00 and set an outperform rating on the stock in a report on Thursday, May 2nd. Piper Sandler cut their price objective on shares of Intapp from $52.00 to $46.00 and set an overweight rating for the company in a research report on Friday, May 10th. Stifel Nicolaus reduced their target price on shares of Intapp from $47.00 to $45.00 and set a buy rating for the company in a research note on Wednesday, April 24th. Barclays dropped their price target on shares of Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Finally, BTIG Research cut their price target on shares of Intapp from $55.00 to $50.00 and set a buy rating for the company in a report on Wednesday, May 8th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intapp presently has an average rating of Buy and an average price target of $45.88.

Intapp Trading Down 0.5 %

Shares of NASDAQ INTA opened at $36.50 on Friday. The stock has a market cap of $2.68 billion, a P/E ratio of -59.84 and a beta of 0.61. Intapp has a twelve month low of $30.36 and a twelve month high of $45.43. The stock has a 50 day moving average of $34.82 and a two-hundred day moving average of $36.79.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. The firm had revenue of $110.64 million during the quarter, compared to the consensus estimate of $108.18 million. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. As a group, research analysts predict that Intapp will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total value of $705,200.00. Following the completion of the transaction, the insider now directly owns 727,759 shares of the company’s stock, valued at $25,660,782.34. The sale was disclosed in a filing with the SEC, which is available at this link. In other Intapp news, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $35.26, for a total transaction of $705,200.00. Following the sale, the insider now directly owns 727,759 shares in the company, valued at $25,660,782.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michele Murgel sold 4,224 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $36.88, for a total value of $155,781.12. Following the completion of the sale, the insider now directly owns 171,947 shares in the company, valued at approximately $6,341,405.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,724 shares of company stock valued at $1,923,651. Corporate insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Artal Group S.A. increased its stake in shares of Intapp by 68.6% during the 1st quarter. Artal Group S.A. now owns 29,500 shares of the company’s stock worth $1,012,000 after purchasing an additional 12,000 shares in the last quarter. Comerica Bank grew its holdings in Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after buying an additional 865 shares during the last quarter. Jane Street Group LLC increased its position in Intapp by 766.2% during the first quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock worth $5,709,000 after buying an additional 147,240 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Intapp by 48.3% in the first quarter. California State Teachers Retirement System now owns 43,412 shares of the company’s stock worth $1,489,000 after acquiring an additional 14,138 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in shares of Intapp by 58.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 381,912 shares of the company’s stock worth $13,100,000 after acquiring an additional 140,792 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Intapp

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.