Intapp (NASDAQ:INTA) Stock Price Expected to Rise, Truist Financial Analyst Says

Intapp (NASDAQ:INTA) had its price target increased by research analysts at Truist Financial from $55.00 to $77.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 12.20% from the stock’s previous close.

Several other analysts have also issued reports on the company. 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. Piper Sandler restated an “overweight” rating and issued a $60.00 price objective (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Stifel Nicolaus increased their target price on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Barclays boosted their price target on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Citigroup raised their price objective on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.09.

Intapp Stock Performance

INTA opened at $68.63 on Friday. The firm has a market cap of $5.31 billion, a P/E ratio of -236.66 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. The firm has a 50-day moving average of $56.35 and a 200 day moving average of $45.29.

Intapp (NASDAQ:INTA) last issued its quarterly 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 net margin of 4.74% and a negative return on equity of 2.08%. Intapp’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.20) EPS. Equities research analysts predict that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michele Murgel sold 1,252 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the sale, the insider now directly owns 152,702 shares of the company’s stock, valued at $7,635,100. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thad Jampol sold 31,666 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the transaction, the insider now directly owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 428,215 shares of company stock worth $23,806,670. Corporate insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

Large investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares during the last quarter. Bamco Inc. NY grew its position in Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after acquiring an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC raised its stake in shares of Intapp by 15.3% during the third 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 in the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of 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 acquiring 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 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after purchasing an additional 95,035 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.