Stifel Nicolaus Raises Intapp (NASDAQ:INTA) Price Target to $60.00

Intapp (NASDAQ:INTA) had its target price lifted by Stifel Nicolaus from $45.00 to $60.00 in a research report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Barclays upped their target price on Intapp from $42.00 to $44.00 and gave the company an overweight rating in a report on Wednesday, August 14th. UBS Group raised their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a buy rating in a research report on Wednesday, August 14th. Citigroup boosted their price target on shares of Intapp from $50.00 to $52.00 and gave the company a buy rating in a research report on Wednesday, August 14th. Piper Sandler restated an overweight rating and issued a $46.00 price objective on shares of Intapp in a report on Wednesday, August 14th. Finally, Oppenheimer reaffirmed a market perform rating on shares of Intapp in a research report on Monday, July 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $50.00.

Intapp Stock Up 1.8 %

Shares of NASDAQ INTA opened at $51.19 on Monday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -83.92 and a beta of 0.65. The firm’s fifty day moving average is $41.12 and its 200 day moving average is $36.68. Intapp has a 52 week low of $30.36 and a 52 week high of $51.20.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The firm had revenue of $114.38 million during the quarter, compared to the consensus estimate of $111.58 million. During the same period in the prior year, the firm posted ($0.14) earnings per share. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. Equities research analysts anticipate that Intapp will post -0.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 30,318 shares of Intapp stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $49.43, for a total value of $1,498,618.74. Following the completion of the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $33,031,053.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Thad Jampol sold 15,000 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $34.92, for a total transaction of $523,800.00. Following the sale, the insider now owns 749,652 shares in the company, valued at $26,177,847.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Donald F. Coleman sold 30,318 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $49.43, for a total transaction of $1,498,618.74. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $33,031,053.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,239 shares of company stock valued at $6,856,781. 36.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Intapp

Several institutional investors have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp lifted its holdings in shares of Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares during the period. Blue Trust Inc. purchased a new stake in shares of Intapp during the 2nd quarter valued at about $30,000. Comerica Bank grew its stake in shares of Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Intapp by 164.6% during the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after purchasing an additional 815 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other 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.