Intapp (NASDAQ:INTA) Earns “Neutral” Rating from Citigroup

Intapp (NASDAQ:INTA)‘s stock had its “neutral” rating restated by stock analysts at Citigroup in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $78.00 price objective on the stock, down from their prior price objective of $87.00. Citigroup’s target price would indicate a potential upside of 15.59% from the company’s previous close.

Several other analysts have also commented on INTA. JPMorgan Chase & Co. lifted their price target 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 reaffirmed an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Barclays increased their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.82.

Intapp Stock Performance

Shares of Intapp stock opened at $67.48 on Thursday. The business’s 50 day moving average price is $63.66 and its 200 day moving average price is $50.25. The company has a market cap of $5.22 billion, a price-to-earnings ratio of -232.69 and a beta of 0.73. Intapp has a one year low of $30.36 and a one year high of $71.34.

Intapp (NASDAQ:INTA) 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. 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 during the quarter, compared to analysts’ expectations of $117.88 million. During the same period last year, the business earned ($0.20) earnings per share. Intapp’s revenue was up 17.0% compared to the same quarter last year. On average, analysts predict that Intapp will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

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 value of $1,540,828.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 20,000 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. Following the completion of the sale, the insider now owns 828,197 shares in the company, valued at approximately $51,223,984.45. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 402,624 shares of company stock worth $24,954,154 over the last three months. Company insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its stake in Intapp by 9.6% in the second quarter. Rhumbline Advisers now owns 54,656 shares of the company’s stock valued at $2,004,000 after buying an additional 4,794 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Intapp by 9.8% in the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after acquiring an additional 694 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Intapp by 18.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after acquiring an additional 106,668 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Intapp during the second quarter worth approximately $763,000. Finally, Canada Pension Plan Investment Board acquired a new position in Intapp in the second quarter valued at approximately $246,000. 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.