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

Shares of Intapp, Inc. (NASDAQ:INTA) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $63.36.

INTA has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Piper Sandler reiterated 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. Barclays raised their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Stifel Nicolaus increased their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th.

Intapp Trading Down 1.7 %

Shares of NASDAQ INTA opened at $71.29 on Friday. The firm has a market cap of $5.52 billion, a P/E ratio of -245.83 and a beta of 0.73. The business’s 50 day moving average is $66.25 and its 200-day moving average is $52.88. Intapp has a 1-year low of $30.36 and a 1-year high of $73.86.

Intapp (NASDAQ:INTA) last posted its earnings results 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. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same quarter last year, the firm earned ($0.20) earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. Analysts forecast that Intapp will post -0.14 EPS for the current year.

Insider Activity at Intapp

In other news, CEO John T. Hall sold 70,986 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total value of $4,885,966.38. Following the completion of the transaction, the chief executive officer now directly owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. This represents a 1.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David H. Morton, Jr. sold 4,204 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $59.97, for a total value of $252,113.88. Following the sale, the chief financial officer now directly owns 27,331 shares in the company, valued at approximately $1,639,040.07. This trade represents a 13.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 402,624 shares of company stock valued at $24,954,154 over the last ninety days. 13.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Luxor Capital Group LP bought a new stake in Intapp during the 3rd quarter worth approximately $47,837,000. FMR LLC lifted its holdings in shares of Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares during the period. Clearbridge Investments LLC grew its stake in shares of Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after purchasing an additional 301,238 shares during the last quarter. Finally, Praesidium Investment Management Company LLC raised its position in Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after purchasing an additional 256,327 shares during the last quarter. Institutional investors and hedge funds 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.