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

Intapp (NASDAQ:INTA) had its price target lifted by stock analysts at Barclays from $63.00 to $68.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential downside of 4.32% from the stock’s current price.

INTA has been the subject of several other reports. UBS Group raised their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Stifel Nicolaus raised their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Piper Sandler restated an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a report on Tuesday. Finally, Citigroup restated a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Intapp Price Performance

NASDAQ:INTA opened at $71.07 on Wednesday. Intapp has a 1 year low of $30.36 and a 1 year high of $75.90. The company has a market cap of $5.50 billion, a P/E ratio of -245.07 and a beta of 0.74. The stock’s fifty day moving average price is $67.17 and its two-hundred day moving average price is $53.88.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS 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, analysts expect that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Intapp

In other Intapp news, CMO Scott Fitzgerald sold 3,000 shares of Intapp stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $63.53, for a total value of $190,590.00. Following the completion of the sale, the chief marketing officer now owns 42,212 shares of the company’s stock, valued at approximately $2,681,728.36. The trade was a 6.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Benjamin Harrison sold 22,373 shares of Intapp stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The disclosure for this sale can be found here. Insiders sold 316,846 shares of company stock valued at $20,158,913 over the last 90 days. Corporate insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

Large investors have recently made changes to their positions in the company. FORA Capital LLC purchased a new position in shares of Intapp in the third quarter worth approximately $566,000. Loomis Sayles & Co. L P boosted its stake in shares of Intapp by 29.9% during the 3rd 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 last quarter. Farther Finance Advisors LLC grew its position in shares of Intapp by 1,054.0% during the 3rd 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. Barclays PLC increased its stake in shares of Intapp by 90.1% in the 3rd quarter. Barclays PLC now owns 106,781 shares of the company’s stock worth $5,108,000 after purchasing an additional 50,607 shares in the last quarter. Finally, Algert Global LLC bought a new position in Intapp in the 3rd quarter worth $468,000. 89.96% of the stock is currently owned by institutional investors.

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.