Brokerages Set Intapp, Inc. (NASDAQ:INTA) Target Price at $60.64

Shares of Intapp, Inc. (NASDAQ:INTA) have received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $60.64.

INTA has been the subject of several recent analyst reports. Barclays boosted their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Stifel Nicolaus lifted their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Citigroup upped their price target on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd.

Insider Activity

In other news, insider Thad Jampol sold 20,174 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $1,196,318.20. Following the sale, the insider now directly owns 803,400 shares in the company, valued at approximately $47,641,620. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Scott Fitzgerald sold 5,221 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $309,605.30. Following the transaction, the chief marketing officer now owns 46,552 shares of the company’s stock, valued at approximately $2,760,533.60. This trade represents a 10.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 387,624 shares of company stock worth $23,963,304. Corporate insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after buying an additional 411,434 shares during the last quarter. Bamco Inc. NY raised its stake in Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after acquiring an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC lifted its position in Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after acquiring an additional 256,327 shares during the period. Loomis Sayles & Co. L P grew its stake in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after purchasing an additional 343,275 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after buying an additional 95,035 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Stock Up 2.0 %

Shares of INTA opened at $63.34 on Tuesday. The business has a fifty day moving average of $62.40 and a 200 day moving average of $49.18. The company has a market cap of $4.90 billion, a PE ratio of -218.41 and a beta of 0.73. Intapp has a 52-week low of $30.36 and a 52-week high of $71.34.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (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 analyst estimates of $117.88 million. During the same quarter last year, the business earned ($0.20) EPS. The business’s revenue was up 17.0% on a year-over-year basis. As a group, research analysts anticipate that Intapp will post -0.14 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.