Intapp (NASDAQ:INTA) Price Target Raised to $46.00

Intapp (NASDAQ:INTA) had its price target lifted by UBS Group from $40.00 to $46.00 in a research note published on Monday, Marketbeat reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research upgraded Intapp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Truist Financial lifted their target price on Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Piper Sandler boosted their price target on shares of Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a research report on Wednesday, September 2nd. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.86.

Intapp Stock Up 1.0%

NASDAQ:INTA opened at $36.46 on Monday. Intapp has a 52 week low of $19.01 and a 52 week high of $47.93. The company has a market capitalization of $2.79 billion, a P/E ratio of -70.12, a P/E/G ratio of 13.93 and a beta of 0.45. The stock’s fifty day moving average is $36.80 and its two-hundred day moving average is $28.42.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The business had revenue of $152.53 million during the quarter, compared to analysts’ expectations of $149.75 million. During the same period in the prior year, the business posted $0.27 EPS. The company’s 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. Sell-side analysts anticipate that Intapp will post 0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michele Murgel sold 14,591 shares of the business’s 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 completion of the transaction, the insider directly owned 233,632 shares of the company’s stock, valued at approximately $5,845,472.64. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David H. Morton, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $40.88, for a total transaction of $408,800.00. Following the sale, the chief financial officer owned 120,074 shares in the company, valued at $4,908,625.12. The trade was a 7.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 103,491 shares of company stock worth $3,993,393 over the last ninety days. Company insiders own 11.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Intapp in the 2nd quarter valued at approximately $133,660,000. Bamco Inc. NY purchased a new stake in shares of Intapp during the 2nd quarter worth $50,184,000. Praesidium Investment Management Company LLC purchased a new stake in shares of Intapp during the 2nd quarter worth $19,761,311. Norges Bank acquired a new position in shares of Intapp during the fourth quarter worth $32,302,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Intapp during the second quarter worth $12,650,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Company Profile

Intapp, Inc provides cloud-based software designed for professional and financial services firms. Its platform helps organizations manage client relationships, business development, collaboration, time and expense tracking, billing, compliance, conflicts of interest, and other operational workflows.

The company’s products include DealCloud, a relationship intelligence and deal management platform for private capital markets and investment banking firms; Intapp Documents, which supports document and collaboration workflows; Intapp Time and Intapp Bill, which address time capture and billing processes; and solutions for managing conflicts, engagements, terms, and information barriers.