Intapp, Inc. (NASDAQ:INTA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Intapp, Inc. (NASDAQ:INTA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $64.91.

INTA has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Piper Sandler restated an "overweight" rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Truist Financial decreased their price objective on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday. Raymond James restated a "market perform" rating on shares of Intapp in a report on Friday, January 3rd. Finally, Citigroup reissued a "neutral" rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th.

Intapp Price Performance

INTA stock traded up $0.26 during trading on Thursday, hitting $51.51. 494,286 shares of the stock traded hands, compared to its average volume of 656,109. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -177.61 and a beta of 0.82. Intapp has a 1 year low of $30.36 and a 1 year high of $77.74. The firm's 50 day moving average is $60.66 and its two-hundred day moving average is $60.88.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, analysts anticipate that Intapp will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 7,531 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $518,358.73. Following the sale, the insider now owns 223,945 shares of the company's stock, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John T. Hall sold 33,227 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at $361,947,786.08. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 274,755 shares of company stock worth $17,088,761. Corporate insiders own 13.02% of the company's stock.

Hedge Funds Weigh In On Intapp

Several large investors have recently made changes to their positions in INTA. Vanguard Group Inc. boosted its holdings in Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock valued at $408,139,000 after acquiring an additional 672,832 shares during the period. Invesco Ltd. boosted its stake in shares of Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock valued at $126,931,000 after purchasing an additional 1,950,526 shares during the period. Capital World Investors grew its holdings in shares of Intapp by 30.3% in the fourth quarter. Capital World Investors now owns 1,701,939 shares of the company's stock valued at $109,077,000 after purchasing an additional 395,804 shares in the last quarter. Alliancebernstein L.P. increased its stake in Intapp by 4.0% during the 4th quarter. Alliancebernstein L.P. now owns 1,654,866 shares of the company's stock worth $106,060,000 after buying an additional 63,443 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Intapp by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 1,247,247 shares of the company's stock worth $79,953,000 after buying an additional 196,010 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.