Intapp (NASDAQ:INTA) Given New $58.00 Price Target at JPMorgan Chase & Co.

Intapp (NASDAQ:INTA) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $52.00 to $58.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 12.03% from the stock’s current price.

A number of other analysts have also recently commented on INTA. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Barclays upped their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday. Citigroup increased their target price on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Piper Sandler restated an “overweight” rating and set a $60.00 price objective (up from $46.00) on shares of Intapp in a research report on Tuesday. Finally, Truist Financial reaffirmed a “buy” rating and set a $55.00 price objective (up from $47.00) on shares of Intapp in a report on Tuesday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.40.

Intapp Stock Up 3.1 %

INTA traded up $1.55 on Tuesday, reaching $51.77. 554,850 shares of the company traded hands, compared to its average volume of 639,026. The company has a market cap of $3.98 billion, a P/E ratio of -115.04 and a beta of 0.64. Intapp has a one year low of $30.36 and a one year high of $54.68. The firm has a fifty day simple moving average of $47.64 and a two-hundred day simple moving average of $39.79.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.20) earnings per share. On average, equities analysts forecast that Intapp will post -0.15 earnings per share for the current year.

Insider Transactions at Intapp

In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at $32,950,865.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the completion of the sale, the chief operating officer now owns 668,239 shares in the company, valued at $32,950,865.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Donald F. Coleman sold 30,318 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $49.43, for a total value of $1,498,618.74. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $33,031,053.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 151,239 shares of company stock valued at $7,360,981. Insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in INTA. J.Safra Asset Management Corp boosted its holdings in Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 581 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares in the last quarter. Blue Trust Inc. acquired a new position in Intapp during the second quarter worth $30,000. Finally, Comerica Bank raised its position in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.