Intapp (NASDAQ:INTA) Given New $92.00 Price Target at UBS Group

Intapp (NASDAQ:INTA) had its target price increased by UBS Group from $89.00 to $92.00 in a report released on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research firms have also recently commented on INTA. Barclays boosted their price objective 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. JPMorgan Chase & Co. increased their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Piper Sandler restated an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Truist Financial boosted their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and an average target price of $63.64.

Intapp Price Performance

Shares of INTA stock opened at $70.52 on Monday. The stock has a 50-day moving average of $66.46 and a 200-day moving average of $53.36. The stock has a market cap of $5.46 billion, a PE ratio of -243.17 and a beta of 0.74. Intapp has a one year low of $30.36 and a one year high of $73.86.

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

Insiders Place Their Bets

In other news, insider Thad Jampol sold 20,174 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the transaction, the insider now owns 803,400 shares in the company, valued at approximately $47,641,620. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph Baxter sold 9,289 shares of the business’s stock in a transaction on 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 sale, the director now owns 9,441 shares of the company’s stock, valued at $662,191.74. This trade represents a 49.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 402,624 shares of company stock valued at $24,954,154 over the last ninety days. 13.02% of the stock is currently owned by company insiders.

Institutional Trading of Intapp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. grew its position in shares of Intapp by 64.6% during the 2nd quarter. Sei Investments Co. now owns 22,808 shares of the company’s stock worth $836,000 after purchasing an additional 8,950 shares in the last quarter. Millennium Management LLC increased its stake in Intapp by 30.1% during the 2nd quarter. Millennium Management LLC now owns 357,437 shares of the company’s stock worth $13,107,000 after acquiring an additional 82,761 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Intapp by 13.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,551 shares of the company’s stock valued at $900,000 after acquiring an additional 2,891 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Intapp during the 3rd quarter valued at $914,000. Finally, Blue Trust Inc. increased its position in shares of Intapp by 147.0% in the third quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock worth $102,000 after purchasing an additional 1,273 shares during the period. Institutional investors and hedge funds 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.