Intapp’s (INTA) “Neutral” Rating Reiterated at Citigroup

Citigroup restated their neutral rating on shares of Intapp (NASDAQ:INTA) in a research report sent to investors on Thursday, MarketBeat.com reports. They currently have a $78.00 price objective on the stock, down from their previous price objective of $87.00.

A number of other equities research analysts also recently issued reports on INTA. Piper Sandler reiterated an “overweight” rating and set a $60.00 price objective (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Raymond James reiterated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Barclays raised their price target 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. Finally, Truist Financial raised their target price 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.82.

Intapp Trading Up 1.7 %

Intapp stock opened at $67.48 on Thursday. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of -232.69 and a beta of 0.73. The stock’s 50 day moving average is $63.82 and its 200-day moving average is $50.56. Intapp has a 12 month low of $30.36 and a 12 month high of $71.34.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same period last year, the firm earned ($0.20) earnings per share. Intapp’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities research analysts predict that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Intapp

In related news, COO Donald F. Coleman sold 35,778 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the completion of the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $36,238,600.97. This trade represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ralph Baxter sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 5,624 shares in the company, valued at $321,130.40. The trade was a 89.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 402,624 shares of company stock worth $24,954,154 over the last ninety days. Insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raleigh Capital Management Inc. acquired a new stake in Intapp in the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC increased its stake in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. Quest Partners LLC acquired a new position in Intapp during the third quarter worth $54,000. Financial Management Professionals Inc. bought a new position in shares of Intapp in the third quarter valued at $57,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the third quarter valued at about $64,000. Institutional investors own 89.96% of the company’s stock.

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.