Intapp (NASDAQ:INTA) Earns “Overweight” Rating from Piper Sandler

Intapp (NASDAQ:INTA)‘s stock had its “overweight” rating reaffirmed by stock analysts at Piper Sandler in a research note issued on Tuesday,Benzinga reports. They currently have a $71.00 target price on the stock, up from their prior target price of $60.00. Piper Sandler’s target price would suggest a potential downside of 2.23% from the company’s previous close.

A number of other brokerages have also recently commented on INTA. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Stifel Nicolaus boosted 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. JPMorgan Chase & Co. increased their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Citigroup restated a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Barclays upped their target price on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Four investment 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Stock Down 1.2 %

INTA stock opened at $72.62 on Tuesday. Intapp has a twelve month low of $30.36 and a twelve month high of $75.90. The company has a market cap of $5.62 billion, a P/E ratio of -250.41 and a beta of 0.74. The business has a fifty day moving average of $66.96 and a 200-day moving average of $53.76.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. As a group, equities research analysts anticipate that Intapp will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 20,000 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the completion of the transaction, the insider now directly owns 828,197 shares in the company, valued at $51,223,984.45. This represents a 2.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ralph Baxter sold 9,289 shares of Intapp stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $70.14, for a total value of $651,530.46. Following the completion of the sale, the director now directly owns 9,441 shares in the company, valued at approximately $662,191.74. This represents a 49.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 316,846 shares of company stock worth $20,158,913. Corporate insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Raleigh Capital Management Inc. acquired a new position in shares of Intapp during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new position in Intapp during the fourth quarter worth $25,000. Farther Finance Advisors LLC raised its position in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares in the last quarter. Quest Partners LLC acquired a new stake in Intapp in the third quarter valued at $54,000. Finally, Financial Management Professionals Inc. bought a new position in shares of Intapp in the 3rd quarter valued at about $57,000. 89.96% of the stock is owned by institutional investors and hedge funds.

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.