Intapp (NASDAQ:INTA) Price Target Raised to $58.00

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

A number of other equities research analysts have also issued reports on the stock. Bank of America dropped their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Piper Sandler reissued an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research note on Tuesday. Citigroup raised their price target on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Stifel Nicolaus increased 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, Barclays raised their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Intapp currently has an average rating of “Moderate Buy” and an average target price of $53.55.

Intapp Price Performance

Shares of Intapp stock opened at $59.64 on Tuesday. Intapp has a 1-year low of $30.36 and a 1-year high of $59.92. The stock has a market cap of $4.59 billion, a P/E ratio of -205.66 and a beta of 0.64. The stock’s 50 day simple moving average is $48.29 and its 200-day simple moving average is $40.19.

Intapp (NASDAQ:INTA) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, research analysts expect that Intapp will post -0.15 EPS for the current fiscal year.

Insider Transactions at Intapp

In related news, COO Donald F. Coleman sold 35,778 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total value of $1,940,240.94. Following the sale, the chief operating officer now owns 668,239 shares in the company, valued at approximately $36,238,600.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intapp news, insider Thad Jampol sold 31,666 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the sale, the insider now directly owns 772,412 shares in the company, valued at $37,917,705.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Donald F. Coleman sold 35,778 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the completion of the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $36,238,600.97. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,017 shares of company stock worth $9,301,222 over the last ninety days. Company insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the period. J.Safra Asset Management Corp increased its stake in shares of Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after buying an additional 615 shares during the period. Advisors Asset Management Inc. increased its stake 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 buying an additional 581 shares during the period. Blue Trust Inc. acquired a new stake in Intapp in the second quarter valued at approximately $30,000. Finally, Quest Partners LLC purchased a new position in Intapp in the third quarter worth approximately $54,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.