Intapp (NASDAQ:INTA) Price Target Raised to $92.00

Intapp (NASDAQ:INTA) had its price target increased by UBS Group from $89.00 to $92.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

INTA has been the topic of several other research reports. Stifel Nicolaus increased their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Truist Financial increased their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. JPMorgan Chase & Co. increased their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Stock Down 1.2 %

Shares of NASDAQ:INTA opened at $72.62 on Monday. Intapp has a 52-week low of $30.36 and a 52-week high of $75.90. The stock has a market cap of $5.62 billion, a P/E ratio of -250.41 and a beta of 0.74. The business’s 50 day moving average is $66.96 and its 200 day moving average is $53.76.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. On average, sell-side analysts anticipate that Intapp will post -0.14 EPS for the current fiscal year.

Insider Activity

In related news, insider Thad Jampol sold 20,174 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was 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 owns 803,400 shares in the company, valued at $47,641,620. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $63.53, for a total value of $190,590.00. Following the completion of the transaction, the chief marketing officer now owns 42,212 shares of the company’s stock, valued at $2,681,728.36. This trade represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 316,846 shares of company stock worth $20,158,913. Insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new position in shares of Intapp during the 4th quarter valued at about $25,000. Global Retirement Partners LLC purchased a new position in shares of Intapp during the 4th quarter valued at about $25,000. Farther Finance Advisors LLC raised its stake in shares of Intapp by 1,054.0% during 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. Quest Partners LLC purchased a new position in shares of Intapp during the 3rd quarter valued at about $54,000. Finally, Financial Management Professionals Inc. purchased a new position in shares of Intapp during the 3rd quarter valued at about $57,000. 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.