Intapp (NASDAQ:INTA) Receives "Neutral" Rating from Citigroup

Intapp (NASDAQ:INTA - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at Citigroup in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $78.00 price target on the stock, down from their previous price target of $87.00. Citigroup's price objective would suggest a potential upside of 17.51% from the stock's current price.

Several other equities analysts also recently weighed in on INTA. JPMorgan Chase & Co. lifted their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Piper Sandler reiterated an "overweight" rating and issued a $60.00 price objective (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Barclays boosted their target price on shares of Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Truist Financial raised their price target on Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Finally, Stifel Nicolaus boosted their price objective on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.82.

Intapp Stock Down 0.9 %

Intapp stock traded down $0.60 during trading on Thursday, hitting $66.38. The stock had a trading volume of 562,130 shares, compared to its average volume of 625,393. The stock's 50 day moving average is $63.53 and its two-hundred day moving average is $50.14. Intapp has a 1 year low of $30.36 and a 1 year high of $71.34. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of -228.90 and a beta of 0.73.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $118.81 million for the quarter, compared to analysts' expectations of $117.88 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Intapp will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 35,778 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the completion of the transaction, the chief operating officer now owns 668,239 shares of the company's stock, valued at approximately $36,238,600.97. The trade was a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thad Jampol sold 20,174 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 803,400 shares in the company, valued at approximately $47,641,620. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 402,624 shares of company stock worth $24,954,154 in the last ninety days. 13.02% of the stock is currently owned by insiders.

Institutional Trading of Intapp

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in Intapp by 9.6% during the second quarter. Rhumbline Advisers now owns 54,656 shares of the company's stock valued at $2,004,000 after purchasing an additional 4,794 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Intapp by 9.8% during the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company's stock valued at $286,000 after purchasing an additional 694 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Intapp by 18.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company's stock valued at $25,173,000 after buying an additional 106,668 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Intapp in the 2nd quarter worth approximately $763,000. Finally, Canada Pension Plan Investment Board bought a new stake in Intapp in the 2nd quarter worth approximately $246,000. 89.96% of the stock is owned by institutional investors.

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.