Intapp (NASDAQ:INTA) PT Raised to $60.00 at Stifel Nicolaus

Intapp (NASDAQ:INTA) had its price target lifted by Stifel Nicolaus from $45.00 to $60.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

INTA has been the topic of a number of other research reports. Oppenheimer restated a market perform rating on shares of Intapp in a research note on Monday, July 8th. Barclays lifted their target price on shares of Intapp from $42.00 to $44.00 and gave the company an overweight rating in a research note on Wednesday, August 14th. Citigroup increased their price target on Intapp from $50.00 to $52.00 and gave the stock a buy rating in a research note on Wednesday, August 14th. UBS Group boosted their price objective on Intapp from $49.00 to $50.00 and gave the company a buy rating in a research report on Wednesday, August 14th. Finally, Bank of America cut their target price on Intapp from $52.00 to $48.00 and set a buy rating for the company in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $50.00.

Intapp Price Performance

Shares of Intapp stock opened at $51.19 on Monday. Intapp has a 1-year low of $30.36 and a 1-year high of $51.20. The company’s fifty day simple moving average is $41.12 and its 200-day simple moving average is $36.68. The stock has a market capitalization of $3.76 billion, a PE ratio of -83.92 and a beta of 0.65.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $114.38 million for the quarter, compared to the consensus estimate of $111.58 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. Intapp’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) earnings per share. As a group, research analysts anticipate that Intapp will post -0.15 EPS for the current year.

Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 1,252 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,600.00. Following the completion of the transaction, the insider now directly owns 152,702 shares in the company, valued at approximately $7,635,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Michele Murgel sold 1,252 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the sale, the insider now owns 152,702 shares in the company, valued at $7,635,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $36.49, for a total transaction of $182,450.00. Following the transaction, the chief operating officer now owns 648,411 shares of the company’s stock, valued at approximately $23,660,517.39. The disclosure for this sale can be found here. Insiders sold 146,239 shares of company stock worth $6,856,781 in the last quarter. 36.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intapp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTA. Advisors Asset Management Inc. increased its position in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares during the last quarter. J.Safra Asset Management Corp increased its position in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Intapp by 9.8% in the second 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 period. Assetmark Inc. lifted its holdings in shares of Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after acquiring an additional 815 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Intapp by 52.0% during the 1st quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after purchasing an additional 819 shares during the period. 89.96% of the stock is currently 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.