Brokerages Set Intapp, Inc. (NASDAQ:INTA) PT at $66.45

Intapp, Inc. (NASDAQ:INTA) has received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, 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 1-year price target among brokerages that have issued a report on the stock in the last year is $66.45.

A number of research analysts recently issued reports on INTA shares. UBS Group boosted their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Truist Financial increased their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays boosted their target price on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Citigroup restated a “neutral” rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th.

Intapp Price Performance

INTA stock opened at $59.91 on Friday. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of -206.58 and a beta of 0.76. Intapp has a 1-year low of $30.36 and a 1-year high of $77.74. The firm has a fifty day moving average price of $66.42 and a two-hundred day moving average price of $60.35.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data 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 net margin of 4.78% and a negative return on equity of 1.86%. As a group, analysts expect that Intapp will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CMO Scott Fitzgerald sold 3,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total value of $193,140.00. Following the sale, the chief marketing officer now owns 39,212 shares of the company’s stock, valued at approximately $2,524,468.56. The trade was a 7.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the transaction, the insider now directly owns 857,250 shares of the company’s stock, valued at $48,991,837.50. This represents a 2.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 184,827 shares of company stock valued at $11,825,658 over the last quarter. Corporate insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in shares of Intapp by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 8,652 shares of the company’s stock valued at $555,000 after acquiring an additional 171 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Intapp by 8.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,964 shares of the company’s stock valued at $190,000 after purchasing an additional 239 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Intapp by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after purchasing an additional 264 shares during the period. Global Retirement Partners LLC purchased a new stake in Intapp during the fourth quarter valued at about $25,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Intapp in the fourth quarter worth about $25,000. 89.96% of the stock is owned by institutional investors and hedge funds.

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.