Intapp (NASDAQ:INTA) Stock Price Expected to Rise, Citigroup Analyst Says

Intapp (NASDAQ:INTA - Free Report) had its price target upped by Citigroup from $63.00 to $87.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently commented on INTA. Raymond James upped their target price on Intapp from $46.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Truist Financial upped their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research note on Friday. 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. Barclays upped their price target 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, Stifel Nicolaus boosted their price objective on Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.27.

Intapp Stock Down 0.4 %

NASDAQ INTA traded down $0.27 on Monday, hitting $68.36. The company's stock had a trading volume of 789,427 shares, compared to its average volume of 638,429. The company's 50-day moving average is $56.84 and its 200 day moving average is $45.57. The firm has a market cap of $5.29 billion, a PE ratio of -235.72 and a beta of 0.74. Intapp has a 1-year low of $30.36 and a 1-year 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 for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. Intapp's quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.20) earnings per share. On average, equities analysts expect that Intapp will post -0.14 EPS for the current year.

Insider Buying and Selling

In other Intapp news, Director Ralph Baxter sold 9,289 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $70.14, for a total transaction of $651,530.46. Following the transaction, the director now owns 9,441 shares in the company, valued at approximately $662,191.74. This represents a 49.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thad Jampol sold 31,666 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the transaction, the insider now directly owns 772,412 shares in the company, valued at $37,917,705.08. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 437,504 shares of company stock valued at $24,458,200. 13.02% of the stock is owned by company insiders.

Institutional Trading of Intapp

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company's stock worth $270,668,000 after purchasing an additional 411,434 shares during the period. Bamco Inc. NY increased its position in Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company's stock worth $136,337,000 after buying an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC raised its stake in shares of Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company's stock valued at $92,316,000 after buying an additional 256,327 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Intapp by 29.9% during 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% during the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock worth $50,291,000 after acquiring an additional 95,035 shares during the period. Hedge funds and other institutional investors own 89.96% of the company's stock.

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.