Brokerages Set Intapp, Inc. (NASDAQ:INTA) PT at $36.00

Intapp, Inc. (NASDAQ:INTA – Get Rating) has earned an average rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.75.

A number of brokerages have commented on INTA. Oppenheimer cut their price objective on shares of Intapp from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, June 17th. Credit Suisse Group cut their price objective on shares of Intapp from $35.00 to $27.00 in a report on Thursday, May 12th. Finally, Raymond James dropped their target price on shares of Intapp from $32.00 to $26.00 in a research report on Thursday, May 12th.

In related news, CEO John T. Hall sold 4,024 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $20.85, for a total transaction of $83,900.40. Following the completion of the sale, the chief executive officer now owns 5,076,659 shares of the company’s stock, valued at approximately $105,848,340.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thad Jampol sold 1,232 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $20.85, for a total transaction of $25,687.20. Following the sale, the insider now directly owns 471,977 shares of the company’s stock, valued at approximately $9,840,720.45. The disclosure for this sale can be found here. Insiders sold a total of 43,818 shares of company stock valued at $941,435 in the last three months. Insiders own 45.24% of the company’s stock.

Several large investors have recently made changes to their positions in INTA. Vanguard Group Inc. grew its position in Intapp by 49.1% in the 1st quarter. Vanguard Group Inc. now owns 1,403,517 shares of the company’s stock worth $33,698,000 after purchasing an additional 462,248 shares during the last quarter. BlackRock Inc. grew its position in Intapp by 23.3% in the 1st quarter. BlackRock Inc. now owns 766,305 shares of the company’s stock worth $18,398,000 after purchasing an additional 144,766 shares during the last quarter. Jennison Associates LLC grew its position in Intapp by 3.6% in the 1st quarter. Jennison Associates LLC now owns 301,608 shares of the company’s stock worth $7,242,000 after purchasing an additional 10,363 shares during the last quarter. United Capital Financial Advisers LLC bought a new position in Intapp in the 1st quarter worth about $6,428,000. Finally, State Street Corp grew its position in Intapp by 47.9% in the 1st quarter. State Street Corp now owns 226,020 shares of the company’s stock worth $5,427,000 after purchasing an additional 73,242 shares during the last quarter. 81.96% of the stock is owned by institutional investors and hedge funds.

Shares of INTA stock opened at $14.26 on Thursday. Intapp has a 12 month low of $13.52 and a 12 month high of $40.91. The firm has a market capitalization of $887.29 million and a P/E ratio of -7.24. The company’s fifty day moving average price is $21.12 and its two-hundred day moving average price is $22.16.

Intapp (NASDAQ:INTA – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.36. Intapp had a negative net margin of 36.46% and a negative return on equity of 47.43%. Research analysts predict that Intapp will post -1.5 EPS for the current fiscal year.

About Intapp (Get Rating)

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; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.

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