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

Shares of Intapp, Inc. (NASDAQ:INTA) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $55.09.

Several equities analysts recently commented on the company. Stifel Nicolaus boosted their target price on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Citigroup upped their price objective on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Piper Sandler reiterated an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Barclays increased their price target on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Finally, Raymond James raised their price objective 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.

Intapp Stock Performance

Shares of Intapp stock opened at $69.47 on Friday. The stock has a market capitalization of $5.38 billion, a P/E ratio of -239.55 and a beta of 0.74. Intapp has a 52-week low of $30.36 and a 52-week high of $71.34. The stock’s 50-day simple moving average is $55.92 and its 200 day simple moving average is $45.00.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. Intapp’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.20) EPS. Equities research analysts forecast that Intapp will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In related news, insider Thad Jampol sold 31,666 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the sale, the insider now directly owns 772,412 shares in the company, valued at $37,917,705.08. This represents a 3.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Donald F. Coleman sold 58,003 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,950,865.09. The trade was a 7.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 428,215 shares of company stock worth $23,806,670 over the last three months. Company insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares during the period. Blue Trust Inc. bought a new stake in shares of Intapp in the 2nd quarter worth about $30,000. Comerica Bank raised its holdings in shares of Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after buying an additional 865 shares during the period. Quest Partners LLC bought a new stake in shares of Intapp during the third quarter worth $54,000. Finally, Financial Management Professionals Inc. purchased a new stake in Intapp in the 3rd quarter valued at about $57,000. Hedge funds and other 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.