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

Piper Sandler restated their overweight rating on shares of Intapp (NASDAQ:INTA) in a report published on Tuesday,Benzinga reports. Piper Sandler currently has a $60.00 target price on the stock, up from their previous target price of $46.00.

A number of other brokerages also recently weighed in on INTA. Bank of America lowered their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Barclays restated an “equal weight” rating and set a $44.00 price target on shares of Intapp in a report on Monday, October 7th. Citigroup upped their price objective on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, UBS Group increased their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.55.

Intapp Trading Up 1.5 %

INTA stock opened at $59.64 on Tuesday. Intapp has a one year low of $30.36 and a one year high of $59.92. The firm has a 50-day moving average of $48.29 and a two-hundred day moving average of $40.19. The firm has a market capitalization of $4.59 billion, a PE ratio of -205.66 and a beta of 0.64.

Intapp (NASDAQ:INTA) last issued 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. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. On average, equities research analysts anticipate that Intapp will post -0.15 earnings per share for the current year.

Insider Activity

In related news, COO Donald F. Coleman sold 35,778 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $54.23, for a total value of $1,940,240.94. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $36,238,600.97. 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 accessible through this link. In other news, COO Donald F. Coleman sold 58,003 shares of Intapp 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 owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Donald F. Coleman sold 35,778 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $36,238,600.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,017 shares of company stock worth $9,301,222. 13.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INTA. J.Safra Asset Management Corp grew its position in shares of Intapp by 634.0% in the second 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 during the last quarter. Advisors Asset Management Inc. boosted its stake in 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 period. Farther Finance Advisors LLC grew its holdings in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares during the last quarter. Blue Trust Inc. bought a new position in Intapp in the 2nd quarter worth approximately $30,000. Finally, Comerica Bank increased its position in Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after buying an additional 865 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.