JPMorgan Chase & Co. Issues Positive Forecast for Intapp (NASDAQ:INTA) Stock Price

Intapp (NASDAQ:INTA) had its target price boosted by JPMorgan Chase & Co. from $52.00 to $58.00 in a research note released on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. UBS Group boosted their price target 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. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Barclays upped their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday. Stifel Nicolaus lifted their price objective on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Truist Financial restated a “buy” rating and issued a $55.00 target price (up from $47.00) on shares of Intapp in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.55.

Intapp Price Performance

Shares of Intapp stock opened at $50.47 on Tuesday. The stock has a market capitalization of $3.88 billion, a P/E ratio of -112.16 and a beta of 0.64. The business has a 50 day simple moving average of $47.64 and a two-hundred day simple moving average of $39.79. Intapp has a 12 month low of $30.36 and a 12 month high of $54.68.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data 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 return on equity of 5.36% and a negative net margin of 7.44%. The firm had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same period in the prior year, the company earned ($0.20) EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. As a group, research analysts anticipate that Intapp will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Intapp news, insider Michele Murgel sold 1,252 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the transaction, the insider now owns 152,702 shares of the company’s stock, valued at $7,635,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Thad Jampol sold 31,666 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the transaction, the insider now directly owns 772,412 shares in the company, valued at $37,917,705.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michele Murgel sold 1,252 shares of Intapp stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the transaction, the insider now directly owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,239 shares of company stock valued at $7,360,981. 13.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. J.Safra Asset Management Corp lifted its holdings 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 buying an additional 615 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Intapp by 1,054.0% in 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 in the last quarter. Blue Trust Inc. purchased a new position in Intapp in the second quarter valued at $30,000. Finally, Comerica Bank grew its stake in Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Hedge funds and other 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.