Intapp, Inc. (NASDAQ:INTA) Receives $50.00 Average Target Price from Analysts

Shares of Intapp, Inc. (NASDAQ:INTA) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $50.00.

A number of analysts recently commented on the company. UBS Group lifted their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Bank of America reduced 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. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Citigroup upped 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, Barclays upped their price objective on Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th.

Insider Activity

In related news, insider Michele Murgel sold 1,252 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the sale, the insider now owns 152,702 shares in the company, valued at $7,635,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intapp news, insider Michele Murgel sold 1,252 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,600.00. Following the completion of the sale, the insider now owns 152,702 shares in the company, valued at $7,635,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Donald F. Coleman sold 30,318 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $49.43, for a total value of $1,498,618.74. Following the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $33,031,053.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 141,239 shares of company stock valued at $6,674,331. 36.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intapp

Several hedge funds have recently made changes to their positions in INTA. Vanguard Group Inc. boosted its position in Intapp by 42.7% in the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after purchasing an additional 1,501,091 shares in the last quarter. Clearbridge Investments LLC purchased a new position in shares of Intapp during the 1st quarter valued at approximately $16,156,000. Jane Street Group LLC lifted its position in shares of Intapp by 766.2% during the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after buying an additional 147,240 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Intapp by 498.3% during the 4th quarter. TD Asset Management Inc now owns 45,090 shares of the company’s stock valued at $1,714,000 after buying an additional 37,554 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Intapp by 160.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,376 shares of the company’s stock valued at $242,000 after purchasing an additional 3,931 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Up 1.3 %

Shares of INTA stock opened at $48.47 on Friday. The stock has a 50-day moving average price of $42.06 and a 200 day moving average price of $37.09. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of -79.46 and a beta of 0.65. Intapp has a 12 month low of $30.36 and a 12 month high of $51.80.

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

About Intapp

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.