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

Intapp, Inc. (NASDAQ:INTA) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $53.55.

A number of equities analysts have recently commented on INTA shares. Raymond James lifted their price target on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Truist Financial restated a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Citigroup boosted their price objective on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Piper Sandler restated an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Finally, Barclays increased their price objective on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th.

Intapp Stock Performance

INTA stock opened at $56.13 on Monday. The firm has a 50 day simple moving average of $49.93 and a 200 day simple moving average of $41.46. Intapp has a 52 week low of $30.36 and a 52 week high of $60.88. The stock has a market cap of $4.34 billion, a P/E ratio of -193.55 and a beta of 0.64.

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

Insider Buying and Selling

In other news, Director Ralph Baxter sold 5,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $47.44, for a total transaction of $237,200.00. Following the sale, the director now owns 5,624 shares in the company, valued at approximately $266,802.56. This represents a 47.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the completion of the transaction, the insider now directly owns 772,412 shares of the company’s stock, valued at $37,917,705.08. This represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 237,017 shares of company stock worth $12,156,222 in the last quarter. 13.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intapp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTA. The Manufacturers Life Insurance Company increased its holdings in shares of Intapp by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after purchasing an additional 264 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Intapp by 7.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock valued at $265,000 after buying an additional 373 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Intapp by 59.1% in 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 period. Farther Finance Advisors LLC raised its position in shares of Intapp by 1,054.0% during 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 last quarter. Finally, J.Safra Asset Management Corp lifted its stake in shares of Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares during the period. 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.