UBS Group Increases Intapp (NASDAQ:INTA) Price Target to $89.00

Intapp (NASDAQ:INTA) had its price objective increased by equities researchers at UBS Group from $84.00 to $89.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 28.15% from the stock’s previous close.

Several other brokerages have also recently issued reports on INTA. Truist Financial upped their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Citigroup restated a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Barclays upped their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.36.

Intapp Trading Up 0.4 %

Intapp stock traded up $0.25 during midday trading on Monday, reaching $69.45. The company’s stock had a trading volume of 222,342 shares, compared to its average volume of 560,033. The stock has a market cap of $5.37 billion, a PE ratio of -239.48 and a beta of 0.73. Intapp has a 52 week low of $30.36 and a 52 week high of $72.82. The business has a 50-day moving average price of $64.98 and a 200-day moving average price of $51.87.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same period in the prior year, the business earned ($0.20) earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, research analysts predict that Intapp will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, insider David Benjamin Harrison sold 22,373 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $68.87, for a total value of $1,540,828.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thad Jampol sold 20,174 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the completion of the sale, the insider now directly owns 803,400 shares in the company, valued at $47,641,620. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 402,624 shares of company stock valued at $24,954,154. 13.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intapp

Institutional investors have recently modified their holdings of the company. Raleigh Capital Management Inc. bought a new position in Intapp during the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its holdings in shares of Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. Quest Partners LLC purchased a new position in Intapp in the 3rd quarter worth $54,000. Financial Management Professionals Inc. bought a new stake in Intapp in the third quarter worth $57,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Intapp during the third quarter valued at about $64,000. 89.96% of the stock is currently owned by institutional investors.

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.