Intapp (NASDAQ:INTA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Intapp (NASDAQ:INTA) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $52.00 to $58.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 1.29% from the stock’s previous close.

Several other brokerages have also recently weighed in on INTA. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research note on Monday, July 8th. Barclays upped their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $60.00 price target (up from $46.00) on shares of Intapp in a research report on Tuesday. UBS Group upped their price objective on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Bank of America decreased their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.55.

Intapp Stock Up 16.4 %

Shares of Intapp stock opened at $58.76 on Tuesday. The company has a market cap of $4.52 billion, a PE ratio of -202.62 and a beta of 0.64. The business has a 50 day moving average of $47.75 and a 200 day moving average of $39.93. Intapp has a 52 week low of $30.36 and a 52 week high of $59.28.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The firm had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the previous year, the firm posted ($0.20) EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, research analysts anticipate that Intapp will post -0.15 earnings per share for the current year.

Insider Activity at Intapp

In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intapp news, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thad Jampol sold 31,666 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the transaction, the insider now directly owns 772,412 shares in the company, valued at $37,917,705.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,239 shares of company stock valued at $7,360,981 over the last ninety days. Insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

Large investors have recently made changes to their positions in the company. J.Safra Asset Management Corp boosted its holdings in shares of Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after buying an additional 615 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares in the last quarter. Blue Trust Inc. bought a new position in Intapp in the 2nd quarter worth $30,000. Finally, Comerica Bank lifted its position in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares in the last quarter. 89.96% of the stock is currently 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.