Stifel Nicolaus Raises Intapp (NASDAQ:INTA) Price Target to $60.00

Intapp (NASDAQ:INTA) had its target price boosted by Stifel Nicolaus from $45.00 to $60.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also weighed in on the stock. Bank of America lowered their target price on shares of Intapp from $52.00 to $48.00 and set a buy rating on the stock in a report on Wednesday, August 14th. Citigroup lifted their price target on shares of Intapp from $50.00 to $52.00 and gave the stock a buy rating in a research report on Wednesday, August 14th. Piper Sandler reissued an overweight rating and issued a $46.00 price target on shares of Intapp in a research note on Wednesday, August 14th. UBS Group lifted their price objective on Intapp from $49.00 to $50.00 and gave the stock a buy rating in a research note on Wednesday, August 14th. Finally, Oppenheimer reiterated a market perform rating on shares of Intapp in a research report on Monday, July 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $50.00.

Intapp Trading Down 6.0 %

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

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, topping 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 firm had revenue of $114.38 million during the quarter, compared to analyst estimates of $111.58 million. During the same quarter in the previous year, the business earned ($0.14) EPS. The business’s revenue was up 20.9% on a year-over-year basis. As a group, analysts predict that Intapp will post -0.15 EPS for the current year.

Insider Transactions at Intapp

In related news, insider Thad Jampol sold 15,000 shares of the business’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 transaction, the insider now directly owns 749,652 shares of the company’s stock, valued at approximately $26,177,847.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Michele Murgel sold 1,252 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,600.00. Following the completion of the sale, the insider now directly owns 152,702 shares in the company, valued at approximately $7,635,100. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 749,652 shares of the company’s stock, valued at $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 in the last ninety days. Insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew 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 purchasing an additional 581 shares during the period. J.Safra Asset Management Corp lifted its position in Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Intapp by 9.8% in the second quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock worth $286,000 after purchasing an additional 694 shares during the last quarter. Assetmark Inc. grew its stake in shares of Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after acquiring an additional 815 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Intapp by 52.0% during the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after purchasing an additional 819 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

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.