Intapp, Inc. (NASDAQ:INTA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Intapp, Inc. (NASDAQ:INTA) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $60.64.

Several analysts have recently commented on the company. Stifel Nicolaus raised their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup increased their price target on shares of Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a report on Monday, December 16th. Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Piper Sandler restated an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Finally, Truist Financial lifted their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th.

Intapp Price Performance

Shares of NASDAQ INTA opened at $67.05 on Tuesday. The company has a market cap of $5.19 billion, a PE ratio of -231.21 and a beta of 0.73. The stock has a fifty day moving average price of $62.75 and a 200 day moving average price of $49.51. Intapp has a 1-year low of $30.36 and a 1-year high of $71.34.

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

Insider Buying and Selling at Intapp

In other news, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $49.23, for a total transaction of $246,150.00. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares in the company, valued at $32,897,405.97. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ralph Baxter sold 9,289 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $70.14, for a total transaction of $651,530.46. Following the sale, the director now owns 9,441 shares in the company, valued at approximately $662,191.74. This trade represents a 49.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 407,624 shares of company stock worth $25,200,304. 13.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Intapp

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in Intapp by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after buying an additional 264 shares during the period. Harbor Capital Advisors Inc. increased its position in Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after purchasing an additional 373 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after purchasing an additional 519 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Intapp by 9.8% during the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after buying an additional 694 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.