Intapp, Inc. (NASDAQ:INTA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Intapp, Inc. (NASDAQ:INTA) has received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $66.45.

INTA has been the subject of a number of research analyst reports. Truist Financial raised their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays lifted their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Stifel Nicolaus upped their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group raised their target price on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th.

Intapp Stock Up 1.2 %

INTA stock opened at $60.95 on Friday. The business has a 50 day moving average of $66.88 and a 200-day moving average of $59.72. The firm has a market cap of $4.84 billion, a PE ratio of -210.17 and a beta of 0.76. Intapp has a 12-month low of $30.36 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, research analysts expect that Intapp will post -0.14 earnings per share for the current year.

Insider Activity

In other news, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the transaction, the chief marketing officer now directly owns 39,212 shares in the company, valued at approximately $2,524,468.56. This trade represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michele Murgel sold 1,962 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the sale, the insider now directly owns 182,462 shares in the company, valued at $10,947,720. This trade represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,827 shares of company stock worth $11,825,658. 13.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently made changes to their positions in INTA. Invesco Ltd. grew its position in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after buying an additional 1,950,526 shares in the last quarter. Luxor Capital Group LP purchased a new stake in shares of Intapp in the 3rd quarter valued at about $47,837,000. Vanguard Group Inc. boosted its position in shares of Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after acquiring an additional 672,832 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Intapp by 408.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock worth $46,209,000 after purchasing an additional 579,075 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of Intapp in the fourth quarter worth approximately $30,563,000. Hedge funds and other 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.