Intapp’s (INTA) Market Perform Rating Reaffirmed at Raymond James

Raymond James restated their market perform rating on shares of Intapp (NASDAQ:INTA) in a report issued on Friday, MarketBeat Ratings reports.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Citigroup lifted their target price on shares of Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Piper Sandler reissued 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. JPMorgan Chase & Co. lifted their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Truist Financial lifted their target price on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intapp currently has an average rating of “Moderate Buy” and an average target price of $60.64.

Intapp Stock Performance

Intapp stock opened at $63.67 on Friday. Intapp has a 1 year low of $30.36 and a 1 year high of $71.34. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of -219.55 and a beta of 0.74. The firm’s 50 day moving average price is $61.42 and its two-hundred day moving average price is $48.36.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data 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. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same period in the previous year, the company posted ($0.20) EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts predict that Intapp will post -0.14 EPS for the current fiscal year.

Insider Activity at Intapp

In other Intapp news, insider David Benjamin Harrison sold 22,373 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $68.87, for a total transaction of $1,540,828.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John T. Hall sold 70,986 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 5,026,096 shares of the company’s stock, valued at approximately $345,946,187.68. This represents a 1.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 409,624 shares of company stock valued at $24,909,164. Insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in Intapp by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after acquiring an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Intapp by 7.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after acquiring an additional 373 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Intapp by 59.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after acquiring an additional 519 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Intapp by 1,054.0% during 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 during the last quarter. Finally, Federated Hermes Inc. lifted its position in Intapp by 9.8% during the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock worth $286,000 after acquiring an additional 694 shares during the last quarter. Institutional investors and hedge funds 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.