Intapp (NASDAQ:INTA) Price Target Raised to $60.00

Intapp (NASDAQ:INTA) had its price objective lifted by Stifel Nicolaus from $45.00 to $60.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also commented on INTA. Piper Sandler reaffirmed an overweight rating and issued a $46.00 price target on shares of Intapp in a report on Wednesday, August 14th. Oppenheimer reaffirmed a market perform rating on shares of Intapp in a report on Monday, July 8th. Citigroup boosted their price objective on Intapp from $50.00 to $52.00 and gave the stock a buy rating in a research note on Wednesday, August 14th. Barclays increased their price target on Intapp from $42.00 to $44.00 and gave the stock an overweight rating in a report on Wednesday, August 14th. Finally, UBS Group boosted their target price on Intapp from $49.00 to $50.00 and gave the company a buy rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $50.00.

Intapp Trading Down 6.0 %

Shares of INTA stock opened at $48.10 on Monday. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of -78.85 and a beta of 0.65. The stock’s 50-day moving average price is $41.36 and its 200-day moving average price is $36.76. Intapp has a 12-month low of $30.36 and a 12-month high of $51.80.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $114.38 million during the quarter, compared to analyst estimates of $111.58 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) earnings per share. As a group, research analysts predict that Intapp will post -0.15 EPS for the current fiscal year.

Insider Activity at Intapp

In other news, insider Thad Jampol sold 15,000 shares of Intapp stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $34.92, for a total transaction of $523,800.00. Following the completion of the sale, the insider now directly owns 749,652 shares in the company, valued at $26,177,847.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $34.94, for a total value of $174,700.00. Following the transaction, the chief operating officer now owns 648,411 shares of the company’s stock, valued at approximately $22,655,480.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $34.92, for a total value of $523,800.00. Following the sale, the insider now owns 749,652 shares in the company, valued at $26,177,847.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,239 shares of company stock valued at $6,856,781. 36.56% of the stock is owned by insiders.

Institutional Trading of Intapp

A number of hedge funds have recently made changes to their positions in the stock. J.Safra Asset Management Corp increased its stake in Intapp by 634.0% during 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. raised its holdings in shares of Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 581 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp during the second quarter valued at approximately $30,000. Comerica Bank grew its holdings in Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after buying an additional 865 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Intapp by 164.6% during the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after purchasing an additional 815 shares in the last quarter. Institutional investors and hedge funds 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.