Intapp (NASDAQ:INTA) Given New $77.00 Price Target at Truist Financial

Intapp (NASDAQ:INTA - Get Free Report) had its price objective lifted by analysts at Truist Financial from $55.00 to $77.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 12.20% from the company's current price.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Intapp from $58.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Stifel Nicolaus raised their target price on Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Piper Sandler reiterated an "overweight" rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Barclays raised their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 5th. Finally, Raymond James upped their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.09.

Intapp Stock Down 1.2 %

INTA stock traded down $0.84 during mid-day trading on Friday, reaching $68.63. 519,247 shares of the stock traded hands, compared to its average volume of 637,802. The firm has a market capitalization of $5.31 billion, a PE ratio of -236.66 and a beta of 0.74. The business has a 50-day moving average of $56.35 and a two-hundred day moving average of $45.23. Intapp has a 52 week low of $30.36 and a 52 week high of $71.34.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business's revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) EPS. On average, equities research analysts anticipate that Intapp will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00. Following the transaction, the insider now directly owns 772,412 shares of the company's stock, valued at approximately $34,828,057.08. This trade represents a 2.52 % 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 this hyperlink. Also, CEO John T. Hall sold 61,842 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $59.68, for a total value of $3,690,730.56. Following the completion of the sale, the chief executive officer now owns 5,030,432 shares of the company's stock, valued at approximately $300,216,181.76. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 428,215 shares of company stock worth $23,806,670. Company insiders own 13.02% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock valued at $28,000 after purchasing an additional 527 shares during the last quarter. Blue Trust Inc. acquired a new stake in Intapp in the second quarter valued at about $30,000. Comerica Bank grew its position in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company's stock valued at $43,000 after acquiring an additional 865 shares during the last quarter. Quest Partners LLC acquired a new position in Intapp during the third quarter worth about $54,000. Finally, Financial Management Professionals Inc. bought a new position in shares of Intapp in the third quarter worth about $57,000. Institutional investors and hedge funds own 89.96% of the company's stock.

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.