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

Intapp, Inc. (NASDAQ:INTA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eleven research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $66.45.

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Truist Financial raised their target price on Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Barclays upped their price target on shares of Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Piper Sandler reissued an "overweight" rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Intapp in a report on Friday, January 3rd.

Insiders Place Their Bets

In other news, CEO John T. Hall sold 33,227 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total value of $117,720.00. Following the sale, the insider now directly owns 182,462 shares in the company, valued at $10,947,720. This trade represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,827 shares of company stock worth $11,825,658 over the last three months. 13.02% of the stock is currently owned by company insiders.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its holdings in shares of Intapp by 5.5% in the fourth quarter. California State Teachers Retirement System now owns 50,350 shares of the company's stock worth $3,227,000 after buying an additional 2,624 shares in the last quarter. Menard Financial Group LLC purchased a new stake in Intapp in the 4th quarter worth $217,000. Mackenzie Financial Corp bought a new position in shares of Intapp during the 4th quarter valued at about $214,000. Palisades Investment Partners LLC increased its holdings in shares of Intapp by 10.0% in the fourth quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company's stock worth $10,640,000 after purchasing an additional 15,123 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Intapp by 14.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,000 shares of the company's stock worth $11,344,000 after buying an additional 21,972 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Intapp Price Performance

Shares of Intapp stock traded down $2.58 during trading on Friday, hitting $61.60. 262,060 shares of the company's stock traded hands, compared to its average volume of 637,351. Intapp has a 1 year low of $30.36 and a 1 year high of $77.74. The business has a 50-day simple moving average of $66.77 and a 200-day simple moving average of $60.11. The stock has a market capitalization of $4.89 billion, a P/E ratio of -212.41 and a beta of 0.76.

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

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.