Raymond James Forecasts Strong Price Appreciation for Intapp (NASDAQ:INTA) Stock

Intapp (NASDAQ:INTA) had its target price boosted by equities research analysts at Raymond James from $46.00 to $55.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 9.56% from the company’s current price.

Several other analysts also recently weighed in on INTA. Barclays lifted their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday. UBS Group lifted their price target on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a report on Monday, July 8th. JPMorgan Chase & Co. lifted their target price on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Stifel Nicolaus increased their price target on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

Intapp Stock Down 0.0 %

Shares of NASDAQ:INTA traded down $0.02 during trading on Tuesday, hitting $50.20. 928,316 shares of the company traded hands, compared to its average volume of 641,138. The business’s fifty day moving average is $47.64 and its 200-day moving average is $39.79. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -110.91 and a beta of 0.64. Intapp has a one year low of $30.36 and a one year high of $54.63.

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 return on equity of 5.36% and a negative net margin of 7.44%. The firm had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. The firm’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.20) EPS. On average, analysts forecast that Intapp will post -0.15 EPS for the current year.

Insider Buying and Selling at Intapp

In other news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $49.23, for a total transaction of $246,150.00. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,897,405.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $49.23, for a total value of $246,150.00. Following the completion of the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $32,897,405.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the transaction, the chief operating officer now owns 668,239 shares in the company, valued at $32,950,865.09. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,239 shares of company stock valued at $7,360,981. Corporate insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares during the period. Bamco Inc. NY bought a new stake in Intapp during the first quarter valued at about $88,605,000. Clearbridge Investments LLC grew its position in shares of Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Intapp by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after purchasing an additional 106,668 shares during the period. Finally, TimesSquare Capital Management LLC lifted its position in shares of Intapp by 27.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 545,160 shares of the company’s stock worth $26,075,000 after purchasing an additional 117,795 shares during the last quarter. Institutional investors and hedge funds 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.