Intapp’s (INTA) Market Perform Rating Reiterated at Raymond James

Intapp (NASDAQ:INTA)‘s stock had its “market perform” rating reiterated by Raymond James in a research note issued to investors on Friday, MarketBeat.com reports.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus upped their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays upped their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Truist Financial boosted their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Piper Sandler reaffirmed 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, November 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Intapp currently has an average rating of “Moderate Buy” and a consensus price target of $60.64.

Intapp Stock Down 1.5 %

Shares of NASDAQ:INTA opened at $63.67 on Friday. Intapp has a 52-week low of $30.36 and a 52-week high of $71.34. The stock has a market cap of $4.93 billion, a P/E ratio of -219.55 and a beta of 0.74. The business has a fifty day moving average of $61.42 and a two-hundred day moving average of $48.47.

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, 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 firm had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. During the same period last year, the business earned ($0.20) earnings per share. Intapp’s revenue was up 17.0% compared to the same quarter last year. On average, equities analysts anticipate that Intapp will post -0.14 earnings per share for the current year.

Insider Activity at Intapp

In other news, CEO John T. Hall sold 70,986 shares of Intapp stock in a transaction on Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the sale, the chief executive officer now directly owns 5,026,096 shares of the company’s stock, valued at approximately $345,946,187.68. The trade was a 1.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph Baxter sold 9,289 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $70.14, for a total value of $651,530.46. Following the completion of the transaction, the director now directly owns 9,441 shares in the company, valued at $662,191.74. This trade represents a 49.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 409,624 shares of company stock worth $24,909,164. Company insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. raised its position in shares of Intapp by 28.4% during the 3rd quarter. Franklin Resources Inc. now owns 456,619 shares of the company’s stock worth $22,173,000 after acquiring an additional 100,982 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Intapp in the third quarter valued at approximately $64,000. Sanctuary Advisors LLC acquired a new stake in Intapp during the third quarter worth approximately $239,000. Virtu Financial LLC purchased a new stake in shares of Intapp during the 3rd quarter worth approximately $609,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after buying an additional 95,035 shares in the last quarter. 89.96% of the stock is 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.