Intapp’s (INTA) “Neutral” Rating Reaffirmed at Citigroup

Intapp (NASDAQ:INTA)‘s stock had its “neutral” rating reiterated by equities researchers at Citigroup in a report released on Thursday,Benzinga reports. They presently have a $78.00 price objective on the stock, down from their prior price objective of $87.00. Citigroup’s price objective indicates a potential upside of 16.45% from the company’s current price.

INTA has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. 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 report on Friday, December 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Finally, Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.82.

Intapp Price Performance

INTA opened at $66.98 on Thursday. Intapp has a 1 year low of $30.36 and a 1 year high of $71.34. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of -230.97 and a beta of 0.73. The firm’s fifty day moving average price is $63.36 and its two-hundred day moving average price is $50.02.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.20) earnings per share. As a group, equities analysts anticipate that Intapp will post -0.14 EPS for the current year.

Insider Activity at Intapp

In other news, insider David Benjamin Harrison sold 22,373 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $68.87, for a total value of $1,540,828.51. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the transaction, the insider now directly owns 803,400 shares of the company’s stock, valued at approximately $47,641,620. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 402,624 shares of company stock worth $24,954,154. Corporate insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Intapp by 1,054.0% during 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 in the last quarter. Quest Partners LLC bought a new stake in Intapp during the third quarter valued at $54,000. Financial Management Professionals Inc. purchased a new position in Intapp during the third quarter worth about $57,000. Wilmington Savings Fund Society FSB purchased a new position in Intapp during the third quarter worth about $64,000. Finally, Advisors Asset Management Inc. increased its stake in Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after acquiring an additional 519 shares during the last quarter. 89.96% of the stock is currently 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.