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

Intapp, Inc. (NASDAQ:INTA) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $53.55.

A number of analysts recently commented on INTA shares. Stifel Nicolaus raised their price objective on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. boosted their price objective on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Bank of America dropped their target price 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. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Finally, Raymond James boosted their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th.

Intapp Stock Down 1.4 %

NASDAQ:INTA opened at $56.13 on Monday. The stock’s fifty day simple moving average is $49.93 and its 200-day simple moving average is $41.46. The firm has a market capitalization of $4.34 billion, a P/E ratio of -193.55 and a beta of 0.64. Intapp has a 12-month low of $30.36 and a 12-month high of $60.88.

Intapp (NASDAQ:INTA) last posted 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. The company had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.20) EPS. As a group, equities research analysts expect that Intapp will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In other Intapp news, Director Ralph Baxter sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total value of $2,855,000.00. Following the sale, the director now owns 5,624 shares of the company’s stock, valued at approximately $321,130.40. This trade represents a 89.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This trade represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 237,017 shares of company stock valued at $12,156,222. 13.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Intapp

Several large investors have recently modified their holdings of the company. J.Safra Asset Management Corp grew its stake in 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 purchasing an additional 615 shares during the period. Advisors Asset Management Inc. grew its position in Intapp by 239.1% during 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 period. Farther Finance Advisors LLC raised its stake in shares of 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 period. Blue Trust Inc. purchased a new position in Intapp in the 2nd quarter valued at approximately $30,000. Finally, Comerica Bank boosted its position in shares of 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 acquiring an additional 865 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.