Intapp (NASDAQ:INTA) Price Target Raised to $87.00

Intapp (NASDAQ:INTA) had its price target hoisted by investment analysts at Citigroup from $63.00 to $87.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 32.22% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Barclays lifted their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James upped their price objective on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Truist Financial raised their target price on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price target on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.27.

Intapp Price Performance

Shares of Intapp stock opened at $65.80 on Monday. Intapp has a 1-year low of $30.36 and a 1-year high of $71.34. The stock has a market cap of $5.09 billion, a P/E ratio of -226.90 and a beta of 0.74. The stock’s 50 day simple moving average is $57.25 and its 200-day simple moving average is $45.78.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% 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 quarter in the previous year, the company posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, research analysts expect that Intapp will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In other news, CFO David H. Morton, Jr. sold 4,204 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $59.97, for a total transaction of $252,113.88. Following the completion of the transaction, the chief financial officer now directly owns 27,331 shares of the company’s stock, valued at approximately $1,639,040.07. The trade was a 13.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Benjamin Harrison sold 22,373 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 459,877 shares of company stock valued at $25,999,029. 13.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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