Intapp (NASDAQ:INTA) Given New $65.00 Price Target at Stifel Nicolaus

Intapp (NASDAQ:INTA) had its price objective cut by stock analysts at Stifel Nicolaus from $75.00 to $65.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 19.30% from the company’s current price.

A number of other research firms have also recently weighed in on INTA. Piper Sandler restated an “overweight” rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Citigroup reissued a “neutral” rating on shares of Intapp in a report on Monday, April 21st. Barclays decreased their target price on Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Truist Financial cut their price objective on Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Intapp Trading Up 0.2 %

Shares of NASDAQ INTA opened at $54.49 on Tuesday. Intapp has a 12 month low of $30.42 and a 12 month high of $77.74. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of -187.51 and a beta of 0.82. The company has a 50 day simple moving average of $58.20 and a two-hundred day simple moving average of $61.31.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Analysts forecast that Intapp will post -0.14 EPS for the current year.

Insider Activity at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 5,445 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the sale, the chief financial officer now directly owns 38,996 shares in the company, valued at approximately $2,684,094.68. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michele Murgel sold 7,531 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73. Following the completion of the sale, the insider now directly owns 223,945 shares of the company’s stock, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 274,755 shares of company stock valued at $17,088,761. Insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. bought a new stake in shares of Intapp during the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp in the 4th quarter valued at $25,000. Farther Finance Advisors LLC lifted its stake in Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock valued at $31,000 after acquiring an additional 224 shares during the period. SBI Securities Co. Ltd. purchased a new position in Intapp during the fourth quarter valued at approximately $32,000. Finally, Johnson Financial Group Inc. raised its holdings in Intapp by 273.8% in the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after purchasing an additional 605 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.