Barclays Issues Positive Forecast for Intapp (NASDAQ:INTA) Stock Price

Intapp (NASDAQ:INTA) had its price objective upped by Barclays from $63.00 to $68.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 4.32% from the stock’s current price.

Several other equities research analysts have also recently issued reports on INTA. Citigroup reiterated a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Truist Financial lifted their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. UBS Group lifted their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday. Piper Sandler reiterated an “overweight” rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective 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. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

Intapp Stock Performance

Shares of Intapp stock opened at $71.07 on Wednesday. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $75.90. The company has a market capitalization of $5.50 billion, a P/E ratio of -245.07 and a beta of 0.74. The company has a fifty day moving average of $67.17 and a 200 day moving average of $53.88.

Intapp (NASDAQ:INTA) last released 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 return on equity of 2.08% and a negative net margin of 4.74%. Analysts forecast that Intapp will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other news, CMO Scott Fitzgerald sold 5,221 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $309,605.30. Following the completion of the sale, the chief marketing officer now directly owns 46,552 shares of the company’s stock, valued at approximately $2,760,533.60. The trade was a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the sale, the insider now directly owns 803,400 shares of the company’s stock, valued at $47,641,620. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 316,846 shares of company stock valued at $20,158,913 over the last three months. 13.02% of the stock is owned by company insiders.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Intapp in the fourth quarter valued at about $12,870,000. Arizona State Retirement System raised its holdings in shares of Intapp by 5.5% in the fourth quarter. Arizona State Retirement System now owns 15,617 shares of the company’s stock valued at $1,001,000 after acquiring an additional 816 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Intapp in the fourth quarter valued at about $263,000. Atria Investments Inc bought a new stake in shares of Intapp in the fourth quarter valued at about $262,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock valued at $555,000 after acquiring an additional 171 shares in the last quarter. 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.