Stifel Nicolaus Forecasts Strong Price Appreciation for Intapp (NASDAQ:INTA) Stock

Intapp (NASDAQ:INTA) had its price objective raised by analysts at Stifel Nicolaus from $70.00 to $75.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 16.08% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Truist Financial lifted their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays lifted 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. Citigroup boosted their price objective on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James raised their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Intapp has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $64.61 on Wednesday. The business’s 50-day simple moving average is $57.95 and its 200-day simple moving average is $46.04. Intapp has a 52 week low of $30.36 and a 52 week high of $71.34. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -222.79 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating 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 company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. During the same quarter last year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities research analysts forecast that Intapp will post -0.14 earnings per share for the current year.

Insider Activity

In other news, CEO John T. Hall sold 70,986 shares of Intapp stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the sale, the chief executive officer now directly owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. The trade was a 1.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 20,000 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the transaction, the insider now directly owns 772,412 shares of the company’s stock, valued at $34,828,057.08. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 441,194 shares of company stock worth $26,470,383. Company insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Several institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its position 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 in the last quarter. Blue Trust Inc. bought a new position in shares of Intapp in the second quarter valued at approximately $30,000. Quest Partners LLC bought a new position in shares of Intapp in the third quarter valued at approximately $54,000. Financial Management Professionals Inc. bought a new stake in Intapp during the 3rd quarter worth approximately $57,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Intapp during the 3rd quarter valued at $64,000. Institutional investors and hedge funds 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.