Citigroup Boosts Intapp (NASDAQ:INTA) Price Target to $87.00

Intapp (NASDAQ:INTA) had its target price increased by Citigroup from $63.00 to $87.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also issued reports on INTA. JPMorgan Chase & Co. increased their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Barclays raised their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Truist Financial boosted their price target on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday. 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 report on Tuesday, November 5th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.27.

Intapp Stock Down 0.4 %

Shares of NASDAQ INTA opened at $68.36 on Monday. The firm’s 50-day simple moving average is $56.84 and its 200 day simple moving average is $45.57. The stock has a market cap of $5.29 billion, a P/E ratio of -235.72 and a beta of 0.74. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $71.34.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.20) EPS. On average, sell-side analysts anticipate that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In other news, Director Ralph Baxter sold 9,289 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $70.14, for a total value of $651,530.46. Following the completion of the sale, the director now owns 9,441 shares in the company, valued at $662,191.74. This represents a 49.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michele Murgel sold 1,252 shares of the firm’s stock in a transaction 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 directly owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 437,504 shares of company stock valued at $24,458,200 over the last ninety days. Corporate insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently bought and sold shares of the business. FORA Capital LLC acquired a new stake in shares of Intapp during the third quarter worth approximately $566,000. Loomis Sayles & Co. L P lifted its position in Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Intapp by 1,054.0% in 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. Algert Global LLC acquired a new stake in shares of Intapp during the 3rd quarter valued at $468,000. Finally, Luxor Capital Group LP purchased a new position in shares of Intapp during the 3rd quarter valued at $47,837,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.