Intapp, Inc. (NASDAQ:INTA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Intapp, Inc. (NASDAQ:INTA) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $45.88.

INTA has been the subject of several recent analyst reports. BTIG Research cut their target price on Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Citigroup dropped their target price on shares of Intapp from $52.00 to $50.00 and set a “buy” rating for the company in a report on Friday, June 28th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research note on Monday, July 8th. Piper Sandler reduced their price target on Intapp from $52.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Finally, Stifel Nicolaus cut their target price on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th.

Intapp Trading Up 1.5 %

Shares of Intapp stock opened at $36.37 on Tuesday. The company has a 50-day simple moving average of $35.64 and a two-hundred day simple moving average of $36.53. Intapp has a twelve month low of $30.36 and a twelve month high of $45.43.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The firm had revenue of $110.64 million during the quarter, compared to the consensus estimate of $108.18 million. Analysts predict that Intapp will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total transaction of $705,200.00. Following the completion of the transaction, the insider now directly owns 727,759 shares in the company, valued at $25,660,782.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $35.26, for a total transaction of $705,200.00. Following the transaction, the insider now directly owns 727,759 shares of the company’s stock, valued at $25,660,782.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michele Murgel sold 4,224 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $36.88, for a total transaction of $155,781.12. Following the transaction, the insider now directly owns 171,947 shares in the company, valued at $6,341,405.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,224 shares of company stock worth $2,264,131. 36.56% of the stock is currently owned by company insiders.

Institutional Trading of Intapp

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares during the period. Bamco Inc. NY bought a new stake in shares of Intapp in the first quarter valued at approximately $88,605,000. Praesidium Investment Management Company LLC raised its position in shares of Intapp by 9.4% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock valued at $55,748,000 after purchasing an additional 125,455 shares during the period. Jennison Associates LLC raised its position in shares of Intapp by 12.2% in the fourth quarter. Jennison Associates LLC now owns 1,293,014 shares of the company’s stock valued at $49,160,000 after purchasing an additional 140,697 shares during the period. Finally, GW&K Investment Management LLC raised its position in shares of Intapp by 127.5% in the fourth quarter. GW&K Investment Management LLC now owns 1,263,894 shares of the company’s stock valued at $48,054,000 after purchasing an additional 708,258 shares during the period. Institutional investors 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.