Brokerages Set Intapp, Inc. (NASDAQ:INTA) PT at $53.55

Intapp, Inc. (NASDAQ:INTA) has earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $53.55.

A number of research analysts have recently issued reports on the stock. Bank of America dropped their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Truist Financial reiterated a “buy” rating and set a $55.00 target price (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. UBS Group boosted their target price on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Barclays boosted their target price on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th.

Insider Buying and Selling at Intapp

In other news, COO Donald F. Coleman sold 58,003 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the sale, the chief operating officer now owns 668,239 shares in the company, valued at $32,950,865.09. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thad Jampol sold 31,666 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 237,017 shares of company stock valued at $12,156,222. Corporate insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently made changes to their positions in the company. J.Safra Asset Management Corp raised its holdings in shares of Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in 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 last quarter. Farther Finance Advisors LLC increased 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 during the last quarter. Blue Trust Inc. purchased a new stake in Intapp during the second quarter worth about $30,000. Finally, Comerica Bank increased its holdings in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after buying an additional 865 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $60.26 on Monday. The company has a market capitalization of $4.66 billion, a P/E ratio of -207.79 and a beta of 0.64. Intapp has a 52-week low of $30.36 and a 52-week high of $60.88. The company’s 50 day moving average price is $51.33 and its 200-day moving average price is $42.36.

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

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.