Intapp (NASDAQ:INTA) Price Target Raised to $34.00

Intapp (NASDAQ:INTA) had its target price lifted by Piper Sandler from $25.00 to $34.00 in a research report sent to investors on Wednesday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other research analysts have also recently commented on INTA. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. Zacks Research lowered Intapp from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Barclays lifted their price objective on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday. Wall Street Zen lowered Intapp from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, JPMorgan Chase & Co. reduced their target price on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Intapp has an average rating of “Hold” and a consensus price target of $37.86.

Intapp Stock Performance

INTA opened at $37.73 on Wednesday. Intapp has a 1 year low of $19.01 and a 1 year high of $47.93. The company’s 50 day simple moving average is $27.04 and its 200 day simple moving average is $25.73. The stock has a market capitalization of $2.90 billion, a PE ratio of -72.56, a P/E/G ratio of 5.53 and a beta of 0.42.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative return on equity of 3.12% and a negative net margin of 7.15%.The firm had revenue of $152.53 million during the quarter, compared to the consensus estimate of $149.75 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, sell-side analysts expect that Intapp will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Michele Murgel sold 14,591 shares of Intapp stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $25.02, for a total transaction of $365,066.82. Following the transaction, the insider directly owned 233,632 shares of the company’s stock, valued at $5,845,472.64. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.21% of the company’s stock.

Institutional Trading of Intapp

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Intapp in the second quarter valued at about $133,660,000. Wellington Management Group LLP grew its position in Intapp by 143.7% during the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after buying an additional 1,115,392 shares in the last quarter. Barclays PLC increased its stake in Intapp by 1,160.6% during the fourth quarter. Barclays PLC now owns 1,094,989 shares of the company’s stock valued at $50,172,000 after acquiring an additional 1,008,128 shares during the period. Norges Bank bought a new position in Intapp during the fourth quarter valued at about $32,302,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Intapp by 103.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company’s stock valued at $55,536,000 after purchasing an additional 617,649 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Company Profile

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.