Intapp, Inc. (NASDAQ:INTA) Receives Average Rating of “Moderate Buy” from Analysts

Intapp, Inc. (NASDAQ:INTA) has received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $60.64.

Several equities research analysts recently issued reports on the company. Truist Financial boosted their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Citigroup increased their price target on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th.

Insiders Place Their Bets

In other news, insider David Benjamin Harrison sold 22,373 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the sale, the insider now owns 828,197 shares in the company, valued at $51,223,984.45. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 407,624 shares of company stock valued at $25,200,304 in the last ninety days. Insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently made changes to their positions in INTA. Bank of New York Mellon Corp lifted its stake in Intapp by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock valued at $5,325,000 after buying an additional 10,789 shares during the last quarter. Rhumbline Advisers boosted its stake in Intapp by 9.6% during the 2nd quarter. Rhumbline Advisers now owns 54,656 shares of the company’s stock worth $2,004,000 after purchasing an additional 4,794 shares during the period. Federated Hermes Inc. grew its position in Intapp by 9.8% during the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock worth $286,000 after purchasing an additional 694 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Intapp by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock valued at $25,173,000 after purchasing an additional 106,668 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Intapp in the second quarter valued at about $763,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Price Performance

NASDAQ INTA opened at $67.05 on Tuesday. Intapp has a 12 month low of $30.36 and a 12 month high of $71.34. The stock has a market capitalization of $5.19 billion, a P/E ratio of -231.21 and a beta of 0.73. The firm’s 50-day moving average is $62.75 and its two-hundred day moving average is $49.51.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.20) EPS. As a group, analysts anticipate that Intapp will post -0.14 EPS for the current year.

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.