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

Intapp, Inc. (NASDAQ:INTA) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $55.09.

Several equities research analysts have recently commented on the company. Barclays boosted their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Piper Sandler reissued an “overweight” rating and issued a $60.00 price target (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Raymond James increased their target price on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Stifel Nicolaus increased their target price on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd.

Insider Buying and Selling

In related news, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $67.97, for a total value of $1,359,400.00. Following the completion of the sale, the insider now directly owns 798,222 shares of the company’s stock, valued at $54,255,149.34. The trade was a 2.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ralph Baxter sold 5,000 shares of Intapp stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $68.24, for a total value of $341,200.00. Following the transaction, the director now owns 9,441 shares of the company’s stock, valued at $644,253.84. This trade represents a 34.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 428,215 shares of company stock valued at $23,806,670. 13.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intapp

Several hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in Intapp by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after buying an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Intapp by 7.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after purchasing an additional 373 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Intapp by 59.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after buying an additional 519 shares during the last quarter. Farther Finance Advisors LLC raised its position in Intapp by 1,054.0% in 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 during the period. Finally, Federated Hermes Inc. grew its stake in shares of Intapp by 9.8% during the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after acquiring an additional 694 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Intapp Stock Down 0.8 %

INTA stock opened at $69.47 on Friday. The firm has a market cap of $5.38 billion, a P/E ratio of -239.55 and a beta of 0.74. Intapp has a 52-week low of $30.36 and a 52-week high of $71.34. The company’s 50-day simple moving average is $55.92 and its 200-day simple moving average is $45.00.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million during 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%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm earned ($0.20) EPS. On average, analysts anticipate that Intapp will post -0.14 earnings per share for the current fiscal year.

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.