Intapp (NASDAQ:INTA) Price Target Raised to $68.00

Intapp (NASDAQ:INTA) had its target price boosted by Barclays from $63.00 to $68.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms have also issued reports on INTA. Piper Sandler restated an “overweight” rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a report on Tuesday. Truist Financial lifted their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group increased their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday. Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Citigroup reissued a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Intapp Stock Down 1.2 %

INTA opened at $72.62 on Wednesday. The firm has a market cap of $5.62 billion, a PE ratio of -250.41 and a beta of 0.74. The business has a fifty day simple moving average of $66.96 and a 200-day simple moving average of $53.76. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $75.90.

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

Insider Transactions at Intapp

In related news, insider Thad Jampol sold 20,174 shares of Intapp stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $1,196,318.20. Following the completion of the sale, the insider now owns 803,400 shares of the company’s stock, valued at approximately $47,641,620. The trade was a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Hall sold 70,986 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the sale, the chief executive officer now owns 5,026,096 shares of the company’s stock, valued at $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 316,846 shares of company stock valued at $20,158,913 in the last three months. Corporate insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INTA. Luxor Capital Group LP bought a new stake in Intapp during the third quarter worth approximately $47,837,000. FMR LLC lifted its stake in shares of Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after buying an additional 411,434 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares during the last quarter. Praesidium Investment Management Company LLC boosted its holdings in shares of Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after buying an additional 256,327 shares during the period. Finally, Dai ichi Life Insurance Company Ltd acquired a new position in Intapp in the 3rd quarter valued at $7,118,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Intapp

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.