Intapp, Inc. (NASDAQ:INTA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Intapp, Inc. (NASDAQ:INTA) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $66.45.

A number of equities analysts have recently issued reports on the company. Truist Financial raised their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. raised their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Piper Sandler restated an “overweight” rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Citigroup reiterated a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd.

Intapp Price Performance

Intapp stock opened at $60.95 on Friday. The business has a 50 day moving average of $66.88 and a 200-day moving average of $59.72. The company has a market capitalization of $4.84 billion, a P/E ratio of -210.17 and a beta of 0.76. Intapp has a 1 year low of $30.36 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA) last issued its quarterly 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 return on equity of 1.86% and a negative net margin of 4.78%. Equities analysts anticipate that Intapp will post -0.14 EPS for the current year.

Insider Activity at Intapp

In other Intapp news, insider Michele Murgel sold 7,531 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the transaction, the insider now directly owns 223,945 shares of the company’s stock, valued at approximately $15,414,134.35. This trade represents a 3.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Scott Fitzgerald sold 3,000 shares of Intapp stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total transaction of $193,140.00. Following the transaction, the chief marketing officer now owns 39,212 shares of the company’s stock, valued at $2,524,468.56. This represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,827 shares of company stock valued at $11,825,658 in the last three months. Corporate insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several large investors have recently added to or reduced their stakes in INTA. Victory Capital Management Inc. raised its stake in shares of Intapp by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock worth $555,000 after purchasing an additional 171 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Intapp by 8.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock worth $190,000 after buying an additional 239 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Intapp by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after buying an additional 264 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Intapp in the 4th quarter valued at $25,000. Finally, Raleigh Capital Management Inc. bought a new position in Intapp during the 4th quarter valued at $25,000. Institutional investors 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.