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

Shares of Intapp, Inc. (NASDAQ:INTA) have received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $50.00.

A number of analysts have commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price objective on shares of Intapp in a research report on Wednesday, August 14th. Bank of America cut their target price on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Stifel Nicolaus raised their target price on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Barclays restated an “equal weight” rating and set a $44.00 target price on shares of Intapp in a research report on Monday, October 7th. Finally, UBS Group raised their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Intapp Trading Up 0.4 %

Shares of INTA stock opened at $50.46 on Thursday. The stock has a 50 day moving average of $46.94 and a two-hundred day moving average of $39.11. Intapp has a 12 month low of $30.36 and a 12 month high of $51.80. The company has a market capitalization of $3.71 billion, a P/E ratio of -82.72 and a beta of 0.65.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The company had revenue of $114.38 million during the quarter, compared to the consensus estimate of $111.58 million. During the same quarter last year, the company earned ($0.14) EPS. The company’s quarterly revenue was up 20.9% on a year-over-year basis. Sell-side analysts predict that Intapp will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other Intapp news, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $34.94, for a total value of $174,700.00. Following the completion of the transaction, the chief operating officer now owns 648,411 shares in the company, valued at approximately $22,655,480.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $34.94, for a total value of $174,700.00. Following the completion of the transaction, the chief operating officer now owns 648,411 shares in the company, valued at approximately $22,655,480.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the completion of the transaction, the insider now owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,239 shares of company stock worth $7,535,681. 36.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new stake in shares of Intapp during the third quarter worth $57,000. Raymond James & Associates raised its position in shares of Intapp by 114.1% during the third quarter. Raymond James & Associates now owns 59,624 shares of the company’s stock worth $2,852,000 after acquiring an additional 31,778 shares during the last quarter. Blue Trust Inc. raised its position in shares of Intapp by 147.0% during the third quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock worth $102,000 after acquiring an additional 1,273 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Intapp during the third quarter worth $914,000. Finally, Clearbridge Investments LLC increased its holdings in Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares during the last quarter. 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.