Intapp, Inc. (NASDAQ:INTA) Receives $55.09 Consensus PT from Brokerages

Shares of Intapp, Inc. (NASDAQ:INTA) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $57.09.

A number of research analysts have recently weighed in on INTA shares. Raymond James increased their target price on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Barclays raised their target price on 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. 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. Citigroup lifted their price objective on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Stifel Nicolaus boosted their price objective on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd.

Intapp Trading Down 1.2 %

Shares of INTA stock opened at $68.63 on Friday. Intapp has a 12 month low of $30.36 and a 12 month high of $71.34. The firm has a market capitalization of $5.31 billion, a PE ratio of -236.66 and a beta of 0.74. The firm has a fifty day simple moving average of $56.35 and a two-hundred day simple moving average of $45.35.

Intapp (NASDAQ:INTA) last announced 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. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. Intapp’s revenue was up 17.0% compared to the same quarter last year. On average, equities analysts predict that Intapp will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total value of $901,800.00. Following the transaction, the insider now owns 772,412 shares of the company’s stock, valued at approximately $34,828,057.08. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ralph Baxter sold 5,000 shares of Intapp stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $47.44, for a total value of $237,200.00. Following the sale, the director now directly owns 5,624 shares of the company’s stock, valued at $266,802.56. This represents a 47.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 428,215 shares of company stock worth $23,806,670 in the last quarter. 13.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares during the last quarter. Blue Trust Inc. bought a new position in shares of Intapp during the 2nd quarter valued at about $30,000. Comerica Bank raised its holdings 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 buying an additional 865 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Intapp during the 3rd quarter valued at about $54,000. Finally, Financial Management Professionals Inc. bought a new stake in Intapp in the 3rd quarter worth approximately $57,000. 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.