Oppenheimer Trims Intapp (NASDAQ:INTA) Target Price to $42.00

Intapp (NASDAQ:INTA) had its price target lowered by Oppenheimer from $50.00 to $42.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. Piper Sandler reiterated an overweight rating and set a $52.00 price objective on shares of Intapp in a research note on Monday, February 26th. Citigroup dropped their price target on Intapp from $57.00 to $52.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. Barclays reduced 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 cut their price target on shares of Intapp from $47.00 to $45.00 and set a buy rating on the stock in a report on Wednesday, April 24th. Finally, Truist Financial upped their price objective on shares of Intapp from $46.00 to $47.00 and gave the company a buy rating in a report on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $47.78.

Intapp Stock Down 0.7 %

Shares of INTA stock opened at $31.00 on Thursday. Intapp has a 12-month low of $30.36 and a 12-month high of $50.46. The business’s fifty day simple moving average is $33.56 and its 200-day simple moving average is $37.17.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $103.93 million during the quarter, compared to analysts’ expectations of $103.17 million. As a group, research analysts forecast that Intapp will post -0.53 earnings per share for the current year.

Insider Activity

In other Intapp news, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $36.27, for a total transaction of $253,890,000.00. Following the transaction, the insider now directly owns 6,738,269 shares of the company’s stock, valued at $244,397,016.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Intapp news, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $36.27, for a total transaction of $253,890,000.00. Following the completion of the sale, the insider now owns 6,738,269 shares of the company’s stock, valued at $244,397,016.63. The disclosure for this sale can be found here. Insiders sold 7,106,704 shares of company stock worth $258,088,735 over the last three months. 36.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Intapp

A number of hedge funds have recently bought and sold shares of the business. GW&K Investment Management LLC grew its position in shares of Intapp by 127.5% in the fourth quarter. GW&K Investment Management LLC now owns 1,263,894 shares of the company’s stock valued at $48,054,000 after purchasing an additional 708,258 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Intapp by 25.1% during the 4th quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock worth $133,585,000 after acquiring an additional 704,268 shares during the period. Jennison Associates LLC boosted its position in shares of Intapp by 81.6% during the 3rd quarter. Jennison Associates LLC now owns 1,152,317 shares of the company’s stock valued at $38,626,000 after acquiring an additional 517,899 shares during the last quarter. Fred Alger Management LLC purchased a new stake in shares of Intapp in the third quarter valued at about $15,593,000. Finally, Ameriprise Financial Inc. increased its position in Intapp by 44.8% during the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after purchasing an additional 422,016 shares during the last quarter. Institutional investors and hedge funds 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.