Intapp (NASDAQ:INTA) Stock Price Expected to Rise, UBS Group Analyst Says

Intapp (NASDAQ:INTA) had its target price boosted by UBS Group from $89.00 to $92.00 in a research report report published on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on INTA. Barclays lifted their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Truist Financial lifted their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Piper Sandler reissued an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus raised their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

Intapp Stock Down 1.2 %

NASDAQ:INTA opened at $72.62 on Monday. Intapp has a 52 week low of $30.36 and a 52 week high of $75.90. The stock has a market capitalization of $5.62 billion, a PE ratio of -250.41 and a beta of 0.74. The stock’s 50-day moving average price is $66.96 and its 200-day moving average price is $53.76.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS 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%. Sell-side analysts expect that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $1,196,318.20. Following the sale, the insider now owns 803,400 shares of the company’s stock, valued at $47,641,620. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the sale, the chief marketing officer now directly owns 39,212 shares in the company, valued at approximately $2,524,468.56. The trade was a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 316,846 shares of company stock valued at $20,158,913 over the last quarter. 13.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intapp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank grew its position in shares of Intapp by 30.0% during the fourth quarter. Amalgamated Bank now owns 1,819 shares of the company’s stock worth $117,000 after buying an additional 420 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Intapp by 34.2% during the fourth quarter. Bank of New York Mellon Corp now owns 163,084 shares of the company’s stock worth $10,452,000 after buying an additional 41,522 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Intapp by 116.9% during the fourth quarter. Handelsbanken Fonder AB now owns 12,800 shares of the company’s stock worth $820,000 after buying an additional 6,900 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Intapp during the fourth quarter worth about $25,000. Finally, New York State Common Retirement Fund lifted its stake in Intapp by 26.3% during the fourth quarter. New York State Common Retirement Fund now owns 280,102 shares of the company’s stock worth $17,952,000 after purchasing an additional 58,294 shares during the last quarter. 89.96% of the stock is 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.