Intapp (NASDAQ:INTA) Price Target Lowered to $60.00 at Barclays

Intapp (NASDAQ:INTA - Free Report) had its price objective trimmed by Barclays from $68.00 to $60.00 in a report issued on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

INTA has been the topic of several other research reports. Raymond James reiterated a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. UBS Group increased their target price on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Citigroup reissued a "neutral" rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.91.

Intapp Trading Up 0.5 %

NASDAQ INTA traded up $0.26 on Monday, reaching $51.51. The stock had a trading volume of 494,286 shares, compared to its average volume of 656,109. Intapp has a 1 year low of $30.36 and a 1 year high of $77.74. The business has a 50 day moving average price of $60.66 and a 200 day moving average price of $60.88. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -177.61 and a beta of 0.82.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, analysts anticipate that Intapp will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michele Murgel sold 7,531 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the sale, the insider now owns 223,945 shares of the company's stock, valued at $15,414,134.35. The trade was a 3.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the completion of the sale, the insider now directly owns 857,250 shares in the company, valued at approximately $48,991,837.50. This represents a 2.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 274,755 shares of company stock worth $17,088,761. Company insiders own 13.02% of the company's stock.

Institutional Investors Weigh In On Intapp

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings in Intapp by 143.0% in the 1st quarter. SG Americas Securities LLC now owns 6,017 shares of the company's stock valued at $351,000 after acquiring an additional 3,541 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after acquiring an additional 224 shares during the last quarter. MRA Advisory Group bought a new position in Intapp during the 1st quarter worth $523,000. Rhumbline Advisers raised its position in shares of Intapp by 7.2% during the first quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock worth $4,577,000 after acquiring an additional 5,257 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Intapp by 9,950.6% in the 1st quarter. GAMMA Investing LLC now owns 17,689 shares of the company's stock worth $10,330,000 after purchasing an additional 17,513 shares during the period. Institutional investors 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.