Intapp, Inc. (NASDAQ:INTA) Receives $60.64 Consensus PT from Brokerages

Shares of Intapp, Inc. (NASDAQ:INTA) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $60.64.

INTA has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Truist Financial lifted their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Piper Sandler reissued an “overweight” rating and set a $60.00 price objective (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Citigroup lifted their target price on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Stifel Nicolaus increased their price target on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th.

Insider Buying and Selling at Intapp

In related news, COO Donald F. Coleman sold 35,778 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $54.23, for a total value of $1,940,240.94. Following the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $36,238,600.97. This trade represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thad Jampol sold 20,174 shares of the company’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 sale, the insider now directly owns 803,400 shares of the company’s stock, valued at approximately $47,641,620. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 402,624 shares of company stock worth $24,954,154. Insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position 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 buying an additional 527 shares in the last quarter. Quest Partners LLC purchased a new position in Intapp during the third quarter valued at approximately $54,000. Financial Management Professionals Inc. bought a new position in shares of Intapp in the third quarter worth approximately $57,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Intapp in the third quarter worth $64,000. Finally, Advisors Asset Management Inc. raised its position in shares of Intapp by 59.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after purchasing an additional 519 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Stock Performance

Intapp stock opened at $65.49 on Tuesday. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $71.34. The stock’s 50 day simple moving average is $63.06 and its two-hundred day simple moving average is $49.81. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of -225.83 and a beta of 0.73.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) earnings per share. On average, analysts predict that Intapp will post -0.14 earnings per share for the current year.

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.