Intapp’s (INTA) “Market Perform” Rating Reaffirmed at Raymond James

Raymond James reaffirmed their market perform rating on shares of Intapp (NASDAQ:INTA) in a report released on Friday, MarketBeat.com reports.

INTA has been the subject of a number of other research reports. Truist Financial upped 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. Stifel Nicolaus upped their price objective on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Barclays increased their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Intapp currently has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Intapp Price Performance

Shares of INTA stock opened at $63.67 on Friday. The stock’s fifty day simple moving average is $61.42 and its 200 day simple moving average is $48.58. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of -219.55 and a beta of 0.74. Intapp has a one year low of $30.36 and a one year high of $71.34.

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

Insider Transactions at Intapp

In related news, CMO Scott Fitzgerald sold 3,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $63.53, for a total transaction of $190,590.00. Following the completion of the transaction, the chief marketing officer now directly owns 42,212 shares of the company’s stock, valued at approximately $2,681,728.36. This represents a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total value of $901,800.00. Following the transaction, the insider now directly owns 772,412 shares of the company’s stock, valued at $34,828,057.08. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 409,624 shares of company stock valued at $24,909,164 over the last three months. Company insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently bought and sold shares of INTA. Luxor Capital Group LP bought a new stake in Intapp in the third quarter valued at approximately $47,837,000. FMR LLC raised its stake in Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after buying an additional 411,434 shares during the period. Loomis Sayles & Co. L P raised its stake in Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after buying an additional 343,275 shares during the period. Clearbridge Investments LLC raised its stake in Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after buying an additional 301,238 shares during the period. Finally, Praesidium Investment Management Company LLC increased its stake in shares of Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after purchasing an additional 256,327 shares during the period. Institutional investors 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.