Intapp, Inc. (NASDAQ:INTA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Intapp, Inc. (NASDAQ:INTA) have received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $66.45.

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Barclays boosted their target price on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Piper Sandler reiterated an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. UBS Group boosted their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Truist Financial increased their target price on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th.

Intapp Trading Down 0.3 %

Shares of NASDAQ INTA opened at $63.24 on Wednesday. The business has a 50-day moving average of $68.03 and a 200-day moving average of $58.38. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of -218.06 and a beta of 0.74. Intapp has a 12 month low of $30.36 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. On average, analysts predict that Intapp will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Intapp

In related news, CEO John T. Hall sold 70,986 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the transaction, the chief executive officer now owns 5,026,096 shares in the company, valued at $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Benjamin Harrison sold 22,373 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $68.87, for a total value of $1,540,828.51. The disclosure for this sale can be found here. Insiders sold 259,109 shares of company stock valued at $17,479,381 in the last quarter. Company insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in shares of Intapp during the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. bought a new stake in Intapp during the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Intapp during the 4th quarter worth approximately $32,000. Farther Finance Advisors LLC raised its position in shares of Intapp by 1,054.0% in the 3rd 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. Finally, Johnson Financial Group Inc. lifted its stake in shares of Intapp by 273.8% in the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock valued at $53,000 after purchasing an additional 605 shares during the period. 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.