Intapp (NASDAQ:INTA) Earns "Market Perform" Rating from Raymond James

Intapp (NASDAQ:INTA - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities research analysts at Raymond James in a research report issued to clients and investors on Friday, MarketBeat.com reports.

INTA has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Barclays lifted their price target 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 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, December 13th. Stifel Nicolaus upped their target price on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Citigroup lifted their price target on Intapp from $63.00 to $87.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $60.64.

Intapp Stock Performance

Shares of NASDAQ INTA traded down $0.96 during trading on Friday, reaching $63.67. The stock had a trading volume of 432,593 shares, compared to its average volume of 386,397. The business's 50-day moving average price is $61.16 and its 200-day moving average price is $48.15. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $71.34. The company has a market cap of $4.93 billion, a P/E ratio of -219.55 and a beta of 0.74.

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, topping analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company's revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.20) earnings per share. Analysts forecast that Intapp will post -0.14 EPS for the current fiscal year.

Insider Activity at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the firm's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total value of $901,800.00. Following the transaction, the insider now directly owns 772,412 shares in the company, valued at $34,828,057.08. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ralph Baxter sold 9,289 shares of Intapp stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $70.14, for a total value of $651,530.46. Following the completion of the transaction, the director now directly owns 9,441 shares in the company, valued at $662,191.74. This represents a 49.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 409,624 shares of company stock worth $24,909,164. 13.02% of the stock is currently owned by insiders.

Institutional Trading of Intapp

A number of institutional investors have recently added to or reduced their stakes in INTA. Luxor Capital Group LP purchased a new position in Intapp in the 3rd quarter worth approximately $47,837,000. FMR LLC boosted its stake in shares of Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company's stock valued at $270,668,000 after purchasing an additional 411,434 shares during the period. Loomis Sayles & Co. L P grew its holdings in 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 purchasing an additional 343,275 shares in the last quarter. Clearbridge Investments LLC increased its stake in Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company's stock worth $28,319,000 after buying an additional 301,238 shares during the period. Finally, Praesidium Investment Management Company LLC lifted its holdings in Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company's stock worth $92,316,000 after buying an additional 256,327 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other 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.