Intapp (NASDAQ:INTA) Stock Price Expected to Rise, UBS Group Analyst Says

Intapp (NASDAQ:INTA) had its target price hoisted by UBS Group from $84.00 to $89.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 22.76% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Truist Financial raised their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Piper Sandler reissued an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Barclays raised their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.36.

Intapp Stock Up 7.2 %

INTA opened at $72.50 on Monday. The business’s fifty day simple moving average is $65.50 and its 200 day simple moving average is $52.35. Intapp has a 52 week low of $30.36 and a 52 week high of $72.91. The stock has a market cap of $5.61 billion, a PE ratio of -250.00 and a beta of 0.73.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. Intapp’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.20) EPS. As a group, equities analysts anticipate that Intapp will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Intapp

In related news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the sale, the insider now directly owns 828,197 shares in the company, valued at $51,223,984.45. The trade was a 2.36 % 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, CEO John T. Hall sold 44,009 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the transaction, the chief executive officer now owns 5,093,692 shares of the company’s stock, valued at approximately $302,055,935.60. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 402,624 shares of company stock valued at $24,954,154. 13.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Raleigh Capital Management Inc. bought a new stake in Intapp during the fourth quarter worth about $25,000. Farther Finance Advisors LLC boosted its position in shares of 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 purchasing an additional 527 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Intapp in the 3rd quarter worth approximately $54,000. Financial Management Professionals Inc. bought a new position in Intapp during the 3rd quarter valued at approximately $57,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Intapp during the third quarter valued at $64,000. 89.96% of the stock is currently owned by 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.