Intapp, Inc. (NASDAQ:INTA) Receives $60.64 Consensus Price Target from Brokerages

Intapp, Inc. (NASDAQ:INTA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $60.64.

Several research analysts have weighed in on INTA shares. Raymond James reiterated a "market perform" rating on shares of Intapp in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Truist Financial boosted their price target on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a report on Friday, December 13th. Citigroup boosted their target price on Intapp from $63.00 to $87.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Stifel Nicolaus raised their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th.

Insider Transactions at Intapp

In other Intapp news, CMO Scott Fitzgerald sold 3,000 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $63.53, for a total value of $190,590.00. Following the transaction, the chief marketing officer now directly owns 42,212 shares in the company, valued at $2,681,728.36. The trade was a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thad Jampol sold 20,174 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the sale, the insider now owns 803,400 shares of the company's stock, valued at approximately $47,641,620. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 392,624 shares of company stock worth $24,200,504 in the last ninety days. Insiders own 13.02% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INTA. FMR LLC lifted its holdings in shares of Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company's stock worth $270,668,000 after buying an additional 411,434 shares in the last quarter. Bamco Inc. NY raised its stake in Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company's stock worth $136,337,000 after purchasing an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC boosted its holdings in Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company's stock valued at $92,316,000 after purchasing an additional 256,327 shares during the period. Loomis Sayles & Co. L P boosted its holdings in Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock valued at $71,392,000 after purchasing an additional 343,275 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 95,035 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Stock Performance

INTA traded down $0.54 during trading on Tuesday, reaching $62.10. 332,536 shares of the company's stock were exchanged, compared to its average volume of 405,884. The company's fifty day moving average price is $61.89 and its 200-day moving average price is $48.98. The firm has a market capitalization of $4.81 billion, a PE ratio of -214.14 and a beta of 0.73. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $71.34.

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

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.