Intapp (NASDAQ:INTA) Price Target Raised to $75.00

Intapp (NASDAQ:INTA - Get Free Report) had its target price upped by equities research analysts at Stifel Nicolaus from $70.00 to $75.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 16.41% from the stock's current price.

A number of other research analysts have also recently issued reports on INTA. Citigroup lifted their price target on Intapp from $63.00 to $87.00 and gave the company a "buy" rating in a report on Monday. Barclays boosted their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. Truist Financial increased their price target on shares of Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. raised 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. Finally, Raymond James upped their price objective on Intapp from $46.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and a consensus target price of $60.64.

Intapp Trading Down 2.1 %

INTA stock traded down $1.37 during trading on Wednesday, hitting $64.43. 856,828 shares of the stock traded hands, compared to its average volume of 640,393. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of -222.17 and a beta of 0.74. Intapp has a one year low of $30.36 and a one year high of $71.34. The company has a 50 day simple moving average of $57.60 and a 200 day simple moving average of $45.91.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.21 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 business had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. During the same period in the previous year, the business earned ($0.20) EPS. Intapp's revenue was up 17.0% compared to the same quarter last year. As a group, analysts predict that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Intapp

In related news, insider David Benjamin Harrison sold 22,373 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John T. Hall sold 44,009 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 value of $2,609,733.70. Following the transaction, the chief executive officer now directly owns 5,093,692 shares of the company's stock, valued at approximately $302,055,935.60. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 530,863 shares of company stock worth $30,884,995. 13.02% of the stock is currently owned by company insiders.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently made changes to their positions in INTA. FMR LLC raised its holdings in 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 acquiring an additional 411,434 shares in the last quarter. Bamco Inc. NY increased its position in shares of Intapp by 1.2% during 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 during the last quarter. Praesidium Investment Management Company LLC raised its stake in shares of Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company's stock worth $92,316,000 after purchasing an additional 256,327 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of 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 buying an additional 343,275 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock valued at $50,291,000 after buying an additional 95,035 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.