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

Intapp, Inc. (NASDAQ:INTA) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $53.55.

Several research firms recently weighed in on INTA. UBS Group increased 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. JPMorgan Chase & Co. raised their target price on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Barclays lifted their price target on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, Bank of America decreased their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

Intapp Price Performance

Intapp stock opened at $60.26 on Monday. The stock has a market capitalization of $4.66 billion, a P/E ratio of -207.79 and a beta of 0.64. Intapp has a 12-month low of $30.36 and a 12-month high of $60.88. The firm’s 50-day moving average is $51.33 and its two-hundred day moving average is $42.25.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. During the same period in the previous year, the company earned ($0.20) EPS. Intapp’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, analysts forecast that Intapp will post -0.14 EPS for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 31,666 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the transaction, the insider now directly owns 772,412 shares of the company’s stock, valued at $37,917,705.08. This trade represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ralph Baxter sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $47.44, for a total value of $237,200.00. Following the completion of the transaction, the director now directly owns 5,624 shares in the company, valued at $266,802.56. This trade represents a 47.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 237,017 shares of company stock valued at $12,156,222 over the last three months. 13.02% of the stock is owned by company insiders.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently modified their holdings of INTA. J.Safra Asset Management Corp increased its position in shares of Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 581 shares during the last quarter. Farther Finance Advisors LLC increased its holdings 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 buying an additional 527 shares during the last quarter. Blue Trust Inc. bought a new stake in Intapp in the second quarter valued at about $30,000. Finally, Comerica Bank increased its holdings in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after buying an additional 865 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.