Intapp, Inc. (NASDAQ:INTA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Intapp, Inc. (NASDAQ:INTA) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $64.91.

Several equities analysts have weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Citigroup reiterated a “neutral” rating on shares of Intapp in a research report on Monday. UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Truist Financial cut their price target on Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, April 16th.

Insiders Place Their Bets

In other news, CFO David H. Morton, Jr. sold 5,445 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $374,779.35. Following the completion of the sale, the chief financial officer now directly owns 38,996 shares of the company’s stock, valued at $2,684,094.68. The trade was a 12.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thad Jampol sold 112,928 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the sale, the insider now owns 857,250 shares of the company’s stock, valued at approximately $50,809,207.50. The trade was a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,755 shares of company stock valued at $17,088,761. Insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

A number of institutional investors have recently modified their holdings of the company. Raleigh Capital Management Inc. purchased a new position in Intapp in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the fourth quarter worth $25,000. Farther Finance Advisors LLC raised its stake in shares of Intapp by 74.2% in the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock valued at $31,000 after acquiring an additional 224 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Intapp during the 4th quarter valued at $32,000. Finally, Johnson Financial Group Inc. boosted its position in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after purchasing an additional 605 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Trading Up 4.0 %

INTA stock opened at $51.89 on Thursday. The firm has a 50 day moving average of $59.31 and a 200-day moving average of $60.94. The company has a market cap of $4.12 billion, a price-to-earnings ratio of -178.92 and a beta of 0.82. Intapp has a 12-month low of $30.42 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Sell-side analysts forecast that Intapp will post -0.14 earnings per share for the current fiscal 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.