Intapp (NASDAQ:INTA) Price Target Raised to $75.00

Intapp (NASDAQ:INTA) had its price objective boosted by stock analysts at Stifel Nicolaus from $70.00 to $75.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 10.77% from the company’s current price.

Several other brokerages have also recently commented on INTA. 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, November 5th. Truist Financial increased their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Citigroup increased their price target on Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays increased their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.64.

Intapp Trading Up 2.9 %

Shares of INTA stock traded up $1.91 on Wednesday, hitting $67.71. 220,689 shares of the stock were exchanged, compared to its average volume of 637,733. The firm has a market capitalization of $5.24 billion, a P/E ratio of -233.48 and a beta of 0.74. The business has a 50-day moving average of $57.25 and a 200 day moving average of $45.78. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $71.34.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. Intapp’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.20) earnings per share. As a group, research analysts forecast that Intapp will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 31,666 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the transaction, the insider now owns 772,412 shares in the company, valued at approximately $37,917,705.08. This trade represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Hall sold 61,842 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $59.68, for a total value of $3,690,730.56. Following the transaction, the chief executive officer now owns 5,030,432 shares in the company, valued at approximately $300,216,181.76. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 459,877 shares of company stock worth $25,999,029 over the last 90 days. Company insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the period. Bamco Inc. NY increased its stake in Intapp by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after acquiring an additional 34,409 shares during the period. Praesidium Investment Management Company LLC increased its stake in Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after acquiring an additional 256,327 shares during the period. Loomis Sayles & Co. L P increased its stake in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after acquiring an additional 343,275 shares during the period. Finally, Geode Capital Management LLC increased its stake in Intapp by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after acquiring an additional 95,035 shares during the period. Institutional investors own 89.96% of the company’s stock.

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.