Intapp (NASDAQ:INTA) Earns Overweight Rating from Piper Sandler

Intapp (NASDAQ:INTA)‘s stock had its “overweight” rating reiterated by stock analysts at Piper Sandler in a note issued to investors on Tuesday,Benzinga reports. They presently have a $71.00 price objective on the stock, up from their prior price objective of $60.00. Piper Sandler’s price target would indicate a potential downside of 2.23% from the stock’s current price.

A number of other analysts have also recently weighed in on INTA. UBS Group boosted their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus raised their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Truist Financial boosted 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. Barclays raised their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Intapp has a consensus rating of “Moderate Buy” and an average target price of $66.45.

Intapp Price Performance

Intapp stock opened at $72.62 on Tuesday. Intapp has a one year low of $30.36 and a one year high of $75.90. The company’s fifty day moving average price is $66.96 and its two-hundred day moving average price is $53.76. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of -250.41 and a beta of 0.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Intapp will post -0.14 earnings per share for the current year.

Insider Activity

In other news, CEO John T. Hall sold 44,009 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the transaction, the chief executive officer now directly owns 5,093,692 shares of the company’s stock, valued at approximately $302,055,935.60. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thad Jampol sold 20,174 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $1,196,318.20. Following the transaction, the insider now owns 803,400 shares of the company’s stock, valued at $47,641,620. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 316,846 shares of company stock worth $20,158,913. 13.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Intapp by 7.8% in 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 last quarter. Bamco Inc. NY raised its position in Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC boosted its stake in Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after purchasing an additional 256,327 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings 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 purchasing an additional 343,275 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 buying an additional 95,035 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.