Truist Financial Boosts Intapp (NASDAQ:INTA) Price Target to $77.00

Intapp (NASDAQ:INTA) had its price objective increased by Truist Financial from $55.00 to $77.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Raymond James raised their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Barclays upped their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Citigroup upped their price target on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.09.

Intapp Stock Down 1.2 %

Shares of Intapp stock opened at $68.63 on Friday. The business has a 50-day moving average price of $56.35 and a 200 day moving average price of $45.35. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $71.34. The firm has a market cap of $5.31 billion, a P/E ratio of -236.66 and a beta of 0.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million during 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%. During the same period in the previous year, the business earned ($0.20) EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts anticipate that Intapp will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Thad Jampol sold 20,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $67.97, for a total value of $1,359,400.00. Following the completion of the sale, the insider now directly owns 798,222 shares of the company’s stock, valued at approximately $54,255,149.34. This represents a 2.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Baxter sold 5,000 shares of Intapp stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $68.24, for a total value of $341,200.00. Following the transaction, the director now directly owns 9,441 shares in the company, valued at approximately $644,253.84. This trade represents a 34.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 428,215 shares of company stock worth $23,806,670 in the last ninety days. 13.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Intapp

A number of hedge funds have recently made changes to their positions in INTA. Farther Finance Advisors LLC grew 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 purchasing an additional 527 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of Intapp during the 2nd quarter valued at about $30,000. Quest Partners LLC bought a new stake in shares of Intapp in the 3rd quarter valued at approximately $54,000. Financial Management Professionals Inc. acquired a new position in Intapp in the third quarter worth approximately $57,000. Finally, Comerica Bank raised its position in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after acquiring an additional 865 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other 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.