Intapp (NASDAQ:INTA) Trading Up 6% After Analyst Upgrade

Shares of Intapp, Inc. (NASDAQ:INTAGet Free Report) traded up 6% on Tuesday after UBS Group raised their price target on the stock from $84.00 to $89.00. UBS Group currently has a buy rating on the stock. Intapp traded as high as $71.07 and last traded at $71.71. 98,397 shares changed hands during trading, a decline of 83% from the average session volume of 569,484 shares. The stock had previously closed at $67.62.

INTA has been the topic of several other research reports. Citigroup reaffirmed a “neutral” rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus boosted their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barclays increased their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intapp has a consensus rating of “Moderate Buy” and an average target price of $63.36.

Check Out Our Latest Stock Report on Intapp

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 44,009 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $2,609,733.70. Following the completion of the transaction, the chief executive officer now owns 5,093,692 shares of the company’s stock, valued at $302,055,935.60. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Baxter sold 9,289 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 9,441 shares in the company, valued at approximately $662,191.74. This represents a 49.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 402,624 shares of company stock worth $24,954,154 over the last three months. Corporate insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the period. Bamco Inc. NY lifted its position in Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after purchasing an additional 34,409 shares during the period. Praesidium Investment Management Company LLC lifted its position in Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after purchasing an additional 256,327 shares during the period. Loomis Sayles & Co. L P boosted its stake in Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in 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 during the period. Institutional investors own 89.96% of the company’s stock.

Intapp Stock Performance

The business’s 50 day moving average price is $65.76 and its 200-day moving average price is $52.49. The company has a market cap of $5.54 billion, a price-to-earnings ratio of -247.07 and a beta of 0.73.

Intapp (NASDAQ:INTAGet Free Report) last posted its quarterly earnings results 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. The firm had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.20) earnings per share. On average, equities research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

About Intapp

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Intapp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intapp and related companies with MarketBeat.com's FREE daily email newsletter.