Intapp (NASDAQ:INTA) Price Target Raised to $48.00

Intapp (NASDAQ:INTA) had its target price raised by equities research analysts at Barclays from $44.00 to $48.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential downside of 10.75% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday. Bank of America dropped their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Stifel Nicolaus increased their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Citigroup increased their price target on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Oppenheimer reissued a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intapp has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Intapp Stock Up 7.1 %

Shares of Intapp stock traded up $3.56 during trading on Tuesday, reaching $53.78. The company’s stock had a trading volume of 157,295 shares, compared to its average volume of 637,286. Intapp has a 52-week low of $30.36 and a 52-week high of $54.68. The company has a market cap of $4.14 billion, a price-to-earnings ratio of -117.71 and a beta of 0.64. The firm’s 50-day moving average is $47.64 and its two-hundred day moving average is $39.79.

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

Insider Activity at Intapp

In related news, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $49.23, for a total transaction of $246,150.00. Following the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $32,897,405.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,239 shares of company stock valued at $7,360,981 in the last three months. Company insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. J.Safra Asset Management Corp raised its holdings in Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after buying an additional 615 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after buying an additional 581 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the last quarter. Blue Trust Inc. purchased a new position in Intapp in the second quarter worth about $30,000. Finally, Comerica Bank raised its holdings 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 buying an additional 865 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.