Citigroup Issues Positive Forecast for Intapp (NASDAQ:INTA) Stock Price

Intapp (NASDAQ:INTAFree Report) had its price objective upped by Citigroup from $63.00 to $87.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on INTA. Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Piper Sandler reissued 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. Raymond James upped their target price on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus lifted their price target on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.27.

View Our Latest Research Report on INTA

Intapp Stock Performance

INTA opened at $68.36 on Monday. The company has a market cap of $5.29 billion, a PE ratio of -235.72 and a beta of 0.74. Intapp has a 1 year low of $30.36 and a 1 year high of $71.34. The firm has a 50 day moving average price of $56.84 and a 200 day moving average price of $45.57.

Intapp (NASDAQ:INTAGet Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.20) earnings per share. On average, sell-side analysts predict that Intapp will post -0.14 earnings per share for the current year.

Insider Activity

In other Intapp news, CMO Scott Fitzgerald sold 5,221 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $309,605.30. Following the transaction, the chief marketing officer now owns 46,552 shares of the company’s stock, valued at $2,760,533.60. This trade represents a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thad Jampol sold 31,666 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the transaction, the insider now directly owns 772,412 shares of the company’s stock, valued at $37,917,705.08. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 437,504 shares of company stock worth $24,458,200. 13.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Intapp

Several hedge funds have recently made changes to their positions in INTA. Luxor Capital Group LP bought a new position in Intapp during the 3rd quarter worth $47,837,000. FMR LLC boosted its holdings in shares of Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after acquiring an additional 411,434 shares during the period. Loomis Sayles & Co. L P grew 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 last quarter. Clearbridge Investments LLC increased its holdings in shares of Intapp by 64.0% in the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after acquiring an additional 301,238 shares during the period. Finally, Praesidium Investment Management Company LLC increased its holdings in shares of Intapp by 15.3% in the 3rd 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. Institutional investors own 89.96% of the company’s stock.

About Intapp

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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.

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