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

Shares of Intapp, Inc. (NASDAQ:INTA) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $50.00.

Several equities analysts have commented on INTA shares. Stifel Nicolaus increased their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Citigroup raised their price objective on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Barclays reissued an “equal weight” rating and issued a $44.00 target price on shares of Intapp in a report on Monday, October 7th. Oppenheimer restated a “market perform” rating on shares of Intapp in a research note on Monday, July 8th. Finally, UBS Group raised their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Intapp Price Performance

NASDAQ INTA opened at $49.39 on Thursday. The company has a market cap of $3.63 billion, a P/E ratio of -80.97 and a beta of 0.65. Intapp has a 1-year low of $30.36 and a 1-year high of $51.80. The stock has a 50-day moving average of $46.19 and a two-hundred day moving average of $38.60.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The company had revenue of $114.38 million during the quarter, compared to analysts’ expectations of $111.58 million. During the same quarter last year, the company posted ($0.14) EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. On average, analysts anticipate that Intapp will post -0.15 EPS for the current fiscal year.

Insider Activity

In other news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $34.94, for a total transaction of $174,700.00. Following the completion of the transaction, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at approximately $22,655,480.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $34.94, for a total transaction of $174,700.00. Following the sale, the chief operating officer now directly owns 648,411 shares in the company, valued at approximately $22,655,480.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michele Murgel sold 1,252 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,600.00. Following the completion of the transaction, the insider now owns 152,702 shares of the company’s stock, valued at $7,635,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,239 shares of company stock valued at $7,535,681 over the last quarter. Corporate insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently bought and sold shares of INTA. Raymond James & Associates raised its position in Intapp by 114.1% during the third quarter. Raymond James & Associates now owns 59,624 shares of the company’s stock worth $2,852,000 after acquiring an additional 31,778 shares during the last quarter. Blue Trust Inc. raised its position in shares of Intapp by 147.0% during the 3rd quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock worth $102,000 after purchasing an additional 1,273 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Intapp during the 3rd quarter worth approximately $914,000. Clearbridge Investments LLC lifted its stake in Intapp by 64.0% in the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after buying an additional 301,238 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its holdings in Intapp by 384.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 69,718 shares of the company’s stock valued at $2,557,000 after buying an additional 55,318 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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.