Intapp, Inc. (NASDAQ:INTA) Given Consensus Rating of “Moderate Buy” by Analysts

Intapp, Inc. (NASDAQ:INTA) has received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $66.45.

Several equities research analysts recently commented on INTA shares. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Piper Sandler reiterated an “overweight” rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research note on Tuesday. Stifel Nicolaus increased their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Truist Financial lifted their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their price target 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.

Intapp Stock Performance

Shares of NASDAQ:INTA opened at $71.65 on Friday. Intapp has a 52-week low of $30.36 and a 52-week high of $75.90. The firm has a market capitalization of $5.54 billion, a P/E ratio of -247.07 and a beta of 0.74. The stock has a 50 day moving average price of $67.36 and a 200-day moving average price of $54.13.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. On average, equities analysts forecast that Intapp will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In related news, CEO John T. Hall sold 44,009 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $2,609,733.70. Following the completion of the sale, the chief executive officer now owns 5,093,692 shares in the company, valued at approximately $302,055,935.60. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph Baxter sold 9,289 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was 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. The trade was a 49.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 316,846 shares of company stock worth $20,158,913. Company insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently made changes to their positions in INTA. FORA Capital LLC purchased a new stake in Intapp during the third quarter valued at approximately $566,000. Loomis Sayles & Co. L P raised its holdings in Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares during the period. Farther Finance Advisors LLC lifted its position in Intapp by 1,054.0% during the third 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. Barclays PLC lifted its position in Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after purchasing an additional 50,607 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Intapp during the third quarter valued at about $468,000. 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.