Intapp, Inc. (NASDAQ:INTA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Intapp, Inc. (NASDAQ:INTA) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $60.64.

A number of research analysts have weighed in on INTA shares. JPMorgan Chase & Co. upped their price objective on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Truist Financial increased their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Citigroup upped their price objective on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays raised their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th.

Insider Activity at Intapp

In other news, insider Michele Murgel sold 1,252 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,600.00. Following the completion of the transaction, the insider now directly owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John T. Hall sold 70,986 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the transaction, the chief executive officer now directly owns 5,026,096 shares of the company’s stock, valued at $345,946,187.68. This trade represents a 1.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 441,194 shares of company stock worth $26,470,383. Company insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

Several large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Blue Trust Inc. acquired a new stake in Intapp during the 2nd quarter worth $30,000. Comerica Bank lifted its stake in shares of Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares during the period. Quest Partners LLC bought a new position in shares of Intapp in the 3rd quarter worth $54,000. Finally, Financial Management Professionals Inc. bought a new stake in Intapp in the third quarter valued at about $57,000. Institutional investors own 89.96% of the company’s stock.

Intapp Stock Up 0.3 %

Intapp stock opened at $64.61 on Friday. Intapp has a 52 week low of $30.36 and a 52 week high of $71.34. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -222.79 and a beta of 0.74. The business’s 50-day moving average price is $57.95 and its 200 day moving average price is $46.04.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter last year, the company earned ($0.20) EPS. The business’s revenue was up 17.0% on a year-over-year basis. Equities analysts expect that Intapp will post -0.14 EPS for the current year.

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.