Intapp (NASDAQ:INTA) Receives Buy Rating from Truist Financial

Truist Financial reaffirmed their buy rating on shares of Intapp (NASDAQ:INTA) in a research report report published on Tuesday morning,Benzinga reports. Truist Financial currently has a $55.00 target price on the stock, up from their previous target price of $47.00.

A number of other equities research analysts also recently weighed in on the stock. Citigroup raised their target price on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Stifel Nicolaus upped their price objective on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Bank of America cut their target price on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.55.

Intapp Trading Down 0.4 %

INTA opened at $59.39 on Tuesday. Intapp has a 12 month low of $30.36 and a 12 month high of $59.92. The company has a market cap of $4.57 billion, a PE ratio of -204.79 and a beta of 0.64. The company has a 50 day moving average of $48.56 and a 200 day moving average of $40.39.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.15% and a negative net margin of 4.74%. The company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same period in the previous year, the company posted ($0.20) EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Research analysts forecast that Intapp will post -0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michele Murgel sold 1,252 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the transaction, the insider now owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Michele Murgel sold 1,252 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,600.00. Following the transaction, the insider now directly owns 152,702 shares of the company’s stock, valued at $7,635,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the sale, the insider now owns 772,412 shares of the company’s stock, valued at $34,828,057.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 237,017 shares of company stock worth $12,156,222 over the last three months. Company insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Intapp by 42.7% during 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 in the last quarter. Clearbridge Investments LLC purchased a new position in Intapp during the first quarter valued at $16,156,000. Jane Street Group LLC lifted its stake in Intapp by 766.2% in the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock worth $5,709,000 after purchasing an additional 147,240 shares in the last quarter. Swiss National Bank grew its position in shares of Intapp by 58.1% during the first quarter. Swiss National Bank now owns 86,500 shares of the company’s stock valued at $2,967,000 after purchasing an additional 31,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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 buying an additional 106,668 shares in the last quarter. Institutional investors 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.