JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Intapp (NASDAQ:INTA) Stock

Intapp (NASDAQ:INTA) had its price target raised by research analysts at JPMorgan Chase & Co. from $58.00 to $75.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 10.12% from the stock’s current price.

Other analysts have also recently issued reports about the company. Barclays boosted their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Citigroup boosted their price target on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Raymond James raised their price objective on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Piper Sandler reiterated an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Finally, Truist Financial restated a “buy” rating and issued a $55.00 price target (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.09.

Intapp Trading Up 1.6 %

Shares of INTA stock opened at $68.11 on Monday. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of -234.86 and a beta of 0.74. The firm’s 50 day moving average is $55.04 and its 200-day moving average is $44.65. Intapp has a 1 year low of $30.36 and a 1 year high of $69.33.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.20) EPS. On average, equities research analysts forecast that Intapp will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO David H. Morton, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $64.83, for a total value of $648,300.00. Following the completion of the transaction, the chief financial officer now owns 17,331 shares in the company, valued at $1,123,568.73. This represents a 36.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John T. Hall sold 44,009 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $2,609,733.70. Following the sale, the chief executive officer now owns 5,093,692 shares in the company, valued at approximately $302,055,935.60. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 403,215 shares of company stock worth $22,106,070. Corporate insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Institutional investors have recently modified their holdings of the company. J.Safra Asset Management Corp lifted its position 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 purchasing an additional 615 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Intapp during the 2nd quarter worth about $30,000. Comerica Bank boosted its stake in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after buying an additional 865 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Intapp in the 3rd quarter valued at about $54,000. 89.96% of the stock is currently owned by institutional investors.

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.