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

Shares of Intapp, Inc. (NASDAQ:INTA) have received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $66.45.

Several equities analysts have recently commented on the stock. Citigroup restated a “neutral” rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. UBS Group lifted their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Stifel Nicolaus boosted their price target on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report on Tuesday.

Intapp Price Performance

INTA opened at $71.65 on Friday. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of -247.07 and a beta of 0.74. Intapp has a 12 month low of $30.36 and a 12 month high of $75.90. The business has a 50-day moving average of $67.36 and a two-hundred day moving average of $54.13.

Intapp (NASDAQ:INTA) last released its quarterly earnings results 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 2.08% and a negative net margin of 4.74%. Equities research analysts anticipate that Intapp will post -0.14 earnings per share for the current year.

Insider Transactions at Intapp

In other news, CEO John T. Hall sold 44,009 shares of Intapp stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the transaction, the chief executive officer now owns 5,093,692 shares in the company, valued at approximately $302,055,935.60. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the sale, the insider now directly owns 803,400 shares in the company, valued at approximately $47,641,620. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 316,846 shares of company stock worth $20,158,913. 13.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in Intapp in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. purchased a new position in shares of Intapp in the 4th quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Intapp during the 4th quarter valued at $32,000. Farther Finance Advisors LLC lifted its position in Intapp by 1,054.0% in the third 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, Quest Partners LLC purchased a new stake in Intapp during the 3rd quarter valued at $54,000. 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.