Intapp, Inc. (NASDAQ:INTA) Receives $47.11 Average Price Target from Analysts

Shares of Intapp, Inc. (NASDAQ:INTA) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $47.11.

A number of brokerages have weighed in on INTA. Piper Sandler reissued an “overweight” rating and issued a $46.00 target price on shares of Intapp in a research report on Wednesday, August 14th. Citigroup upped their price target on Intapp from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Barclays upped their price target on Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. UBS Group increased their target price on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Bank of America decreased their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

Insider Buying and Selling

In other Intapp news, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.49, for a total value of $182,450.00. Following the transaction, the chief operating officer now directly owns 648,411 shares in the company, valued at approximately $23,660,517.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.49, for a total value of $182,450.00. Following the completion of the transaction, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at $23,660,517.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thad Jampol sold 15,000 shares of Intapp stock in a transaction on Monday, June 10th. The shares were sold at an average price of $34.67, for a total value of $520,050.00. Following the completion of the sale, the insider now directly owns 749,652 shares of the company’s stock, valued at approximately $25,990,434.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,000 shares of company stock valued at $1,577,850. Corporate insiders own 36.56% of the company’s stock.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently bought and sold shares of the company. J.Safra Asset Management Corp increased its stake in shares of Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp during the 2nd quarter valued at $30,000. Comerica Bank raised its position in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after acquiring an additional 865 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after purchasing an additional 815 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Price Performance

Shares of INTA opened at $43.16 on Wednesday. The company has a market capitalization of $3.17 billion, a P/E ratio of -70.75 and a beta of 0.65. Intapp has a 1-year low of $30.36 and a 1-year high of $46.58. The firm’s 50 day simple moving average is $38.12 and its 200 day simple moving average is $35.91.

Intapp (NASDAQ:INTA) last issued its 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. The firm had revenue of $114.38 million for the quarter, compared to analysts’ expectations of $111.58 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.14) earnings per share. On average, equities analysts anticipate that Intapp will post -0.15 earnings per share for the current year.

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.