Intapp (NASDAQ:INTA) PT Raised to $63.00

Intapp (NASDAQ:INTA) had its target price increased by research analysts at Citigroup from $52.00 to $63.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 30.98% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. UBS Group upped their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Stifel Nicolaus boosted their target price on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday. Barclays raised their price target on shares of Intapp from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Piper Sandler reiterated an “overweight” rating and set a $46.00 price objective on shares of Intapp in a research note on Wednesday, August 14th. Finally, Bank of America dropped their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Intapp Stock Performance

INTA opened at $48.10 on Wednesday. Intapp has a 1 year low of $30.36 and a 1 year high of $51.80. The company’s 50 day simple moving average is $41.36 and its 200 day simple moving average is $36.76. The stock has a market capitalization of $3.53 billion, a PE ratio of -78.85 and a beta of 0.65.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The company had revenue of $114.38 million for the quarter, compared to analyst estimates of $111.58 million. During the same quarter last year, the business earned ($0.14) EPS. Intapp’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, sell-side analysts expect that Intapp will post -0.15 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction on Friday, September 20th. The shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $34.92, for a total transaction of $523,800.00. Following the sale, the insider now directly owns 749,652 shares of the company’s stock, valued at approximately $26,177,847.84. The disclosure for this sale can be found here. Insiders have sold 146,239 shares of company stock worth $6,856,781 over the last 90 days. Company insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of INTA. Advisors Asset Management Inc. raised its stake in Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares during the period. J.Safra Asset Management Corp raised its position in shares of Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares during the period. Federated Hermes Inc. boosted its position in Intapp by 9.8% during the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after purchasing an additional 694 shares during the period. Assetmark Inc. increased its position in Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after buying an additional 815 shares during the period. Finally, Covestor Ltd lifted its stake in Intapp by 52.0% in the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock valued at $82,000 after buying an additional 819 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

About Intapp

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.