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

Shares of Intapp, Inc. (NASDAQ:INTA) have received an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $66.45.

INTA has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Raymond James reiterated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Truist Financial increased 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. Barclays increased their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Piper Sandler reissued an “overweight” rating and set a $71.00 target price (up from $60.00) on shares of Intapp in a research report on Tuesday.

Intapp Trading Down 1.2 %

Shares of NASDAQ INTA opened at $72.62 on Friday. The firm’s 50-day moving average price is $66.96 and its 200-day moving average price is $53.76. Intapp has a 1-year low of $30.36 and a 1-year high of $75.90. The firm has a market capitalization of $5.62 billion, a P/E ratio of -250.41 and a beta of 0.74.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. Equities research analysts forecast that Intapp will post -0.14 EPS for the current year.

Insiders Place Their Bets

In related news, CEO John T. Hall sold 70,986 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the sale, the chief executive officer now owns 5,026,096 shares of the company’s stock, valued at $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the sale, the insider now directly owns 828,197 shares in the company, valued at approximately $51,223,984.45. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 316,846 shares of company stock worth $20,158,913 over the last three months. 13.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intapp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised 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 acquiring an additional 411,434 shares during the period. Bamco Inc. NY raised its stake in shares of Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after acquiring an additional 34,409 shares during the period. Praesidium Investment Management Company LLC raised its stake in shares of Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after acquiring an additional 256,327 shares during the period. Loomis Sayles & Co. L P increased its stake 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 buying an additional 343,275 shares during the period. Finally, Geode Capital Management LLC increased its stake in Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after buying an additional 95,035 shares during the period. Hedge funds and other 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.