UBS Group Forecasts Strong Price Appreciation for Intapp (NASDAQ:INTA) Stock

Intapp (NASDAQ:INTA) had its target price lifted by investment analysts at UBS Group from $89.00 to $92.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 25.15% from the company’s current price.

Other analysts have also recently issued reports about the company. Stifel Nicolaus boosted their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barclays lifted their price target on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Citigroup reiterated a “neutral” rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.64.

Intapp Price Performance

NASDAQ:INTA opened at $73.51 on Monday. The company has a 50 day moving average price of $66.71 and a 200-day moving average price of $53.63. Intapp has a 1-year low of $30.36 and a 1-year high of $75.90. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of -253.48 and a beta of 0.74.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. On average, sell-side analysts anticipate that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Intapp

In other Intapp news, insider Thad Jampol sold 20,174 shares of Intapp stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the completion of the sale, the insider now directly owns 803,400 shares in the company, valued at $47,641,620. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Baxter sold 9,289 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $70.14, for a total transaction of $651,530.46. Following the transaction, the director now directly owns 9,441 shares of the company’s stock, valued at $662,191.74. The trade was a 49.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 316,846 shares of company stock worth $20,158,913. Insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

Institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after buying an additional 411,434 shares during the period. Bamco Inc. NY grew its stake in shares of Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after acquiring an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC increased its position in shares of Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after acquiring an additional 256,327 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after acquiring an additional 343,275 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after acquiring an additional 95,035 shares in 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.