Intapp (NASDAQ:INTA) Receives “Buy” Rating from Truist Financial

Truist Financial reiterated their buy rating on shares of Intapp (NASDAQ:INTA) in a research report released on Tuesday morning,Benzinga reports. Truist Financial currently has a $55.00 price objective on the stock, up from their prior price objective of $47.00.

A number of other equities analysts have also commented on the stock. UBS Group raised 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. Citigroup lifted their price objective on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Stifel Nicolaus raised their target price 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. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Finally, Bank of America cut their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

Intapp Trading Down 0.4 %

Shares of INTA opened at $59.39 on Tuesday. Intapp has a twelve month low of $30.36 and a twelve month high of $59.92. The company’s fifty day simple moving average is $48.56 and its 200-day simple moving average is $40.39. The company has a market cap of $4.57 billion, a P/E ratio of -204.79 and a beta of 0.64.

Intapp (NASDAQ:INTA) last posted 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 return on equity of 2.15% and a negative net margin of 4.74%. 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 previous year, the business earned ($0.20) EPS. Intapp’s revenue was up 17.0% compared to the same quarter last year. Analysts predict that Intapp will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In related 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 owns 668,239 shares in the company, valued at approximately $32,950,865.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Intapp news, COO Donald F. Coleman sold 30,318 shares of the company’s stock in a transaction that occurred 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 owns 668,239 shares in the company, valued at approximately $33,031,053.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $2,860,127.93. Following the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. 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 237,017 shares of company stock worth $12,156,222 over the last three months. 13.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INTA. Harbor Capital Advisors Inc. lifted its position in shares of Intapp by 7.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock valued at $265,000 after buying an additional 373 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Intapp by 59.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after buying an additional 519 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares during the last quarter. Finally, Federated Hermes Inc. grew its position 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 purchasing an additional 694 shares in the last quarter. 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.