Intapp, Inc. (NASDAQ:INTA) Receives Average Recommendation of "Moderate Buy" from Analysts

Intapp, Inc. (NASDAQ:INTA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $57.09.

INTA has been the topic of several analyst reports. Citigroup boosted their price objective on shares of Intapp from $52.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Piper Sandler reiterated an "overweight" rating and issued a $60.00 price target (up previously 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 note on Friday. Barclays lifted their price objective on Intapp from $44.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus increased their target price on shares of Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, September 23rd.

Intapp Stock Down 1.2 %

Intapp stock traded down $0.84 during trading hours on Friday, hitting $68.63. The stock had a trading volume of 519,239 shares, compared to its average volume of 637,802. The business's 50 day simple moving average is $56.35 and its 200-day simple moving average is $45.23. Intapp has a one year low of $30.36 and a one year high of $71.34. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -236.66 and a beta of 0.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) 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 2.08%. The business had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same quarter last year, the business earned ($0.20) EPS. The firm's quarterly revenue was up 17.0% on a year-over-year basis. Research analysts anticipate that Intapp will post -0.14 EPS for the current fiscal year.

Insider Activity at Intapp

In related news, Director Ralph Baxter sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $68.24, for a total transaction of $341,200.00. Following the transaction, the director now directly owns 9,441 shares of the company's stock, valued at approximately $644,253.84. This represents a 34.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,554,483.94. Following the completion of the transaction, the insider now owns 772,412 shares in the company, valued at approximately $37,917,705.08. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 428,215 shares of company stock worth $23,806,670 in the last quarter. Company insiders own 13.02% of the company's stock.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank increased its holdings in Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company's stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Blue Trust Inc. purchased a new stake in Intapp in the 2nd quarter valued at $30,000. Hennion & Walsh Asset Management Inc. lifted its stake in Intapp by 13.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 15,398 shares of the company's stock valued at $565,000 after acquiring an additional 1,787 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Intapp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company's stock worth $5,325,000 after acquiring an additional 10,789 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Intapp by 99.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company's stock worth $397,000 after acquiring an additional 5,394 shares in the last quarter. 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.