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

Shares of Intapp, Inc. (NASDAQ:INTA) have received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $60.64.

INTA has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and set a $60.00 price target (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Barclays raised their target price on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Stifel Nicolaus lifted their price objective on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Citigroup upped their target price on shares of Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, December 16th.

Intapp Trading Down 2.3 %

NASDAQ INTA opened at $65.49 on Tuesday. Intapp has a 12 month low of $30.36 and a 12 month high of $71.34. The stock’s 50 day moving average is $63.06 and its 200 day moving average is $49.81. The stock has a market cap of $5.07 billion, a PE ratio of -225.83 and a beta of 0.73.

Intapp (NASDAQ:INTA) last issued its earnings results 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 analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. Intapp’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.20) earnings per share. On average, analysts forecast that Intapp will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In related news, CEO John T. Hall sold 44,009 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $2,609,733.70. Following the sale, the chief executive officer now directly owns 5,093,692 shares of the company’s stock, valued at $302,055,935.60. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $1,196,318.20. Following the completion of the transaction, the insider now directly owns 803,400 shares of the company’s stock, valued at $47,641,620. The trade was a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 402,624 shares of company stock worth $24,954,154. 13.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Intapp during the 3rd quarter valued at about $54,000. Financial Management Professionals Inc. acquired a new stake in shares of Intapp during the 3rd quarter valued at about $57,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Intapp in the 3rd quarter valued at about $64,000. Finally, Advisors Asset Management Inc. raised its holdings in Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after purchasing an additional 519 shares during the period. 89.96% of the stock is 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.