Intapp, Inc. (NASDAQ:INTA) Given Average Rating of “Moderate Buy” by Analysts

Intapp, Inc. (NASDAQ:INTA) has earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $50.00.

INTA has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Stifel Nicolaus boosted their price objective on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Citigroup raised their target price on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America dropped their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Monday, July 8th.

Intapp Trading Down 1.2 %

NASDAQ INTA opened at $47.54 on Friday. The firm has a market capitalization of $3.49 billion, a PE ratio of -77.93 and a beta of 0.65. The business’s 50-day moving average price is $41.60 and its two-hundred day moving average price is $36.86. Intapp has a 12 month low of $30.36 and a 12 month high of $51.80.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $111.58 million. During the same quarter last year, the business earned ($0.14) EPS. The company’s revenue was up 20.9% compared to the same quarter last year. As a group, analysts forecast that Intapp will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In related news, insider Michele Murgel sold 1,252 shares of Intapp stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the sale, the insider now owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Intapp news, COO Donald F. Coleman sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $49.43, for a total transaction of $1,498,618.74. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the insider now directly owns 152,702 shares of the company’s stock, valued at $7,635,100. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,239 shares of company stock valued at $6,856,781. Company insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. J.Safra Asset Management Corp boosted its holdings in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after buying an additional 581 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Intapp during the 2nd quarter worth approximately $30,000. Comerica Bank boosted its stake in shares of Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after buying an additional 865 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after acquiring an additional 815 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.