Raymond James Forecasts Strong Price Appreciation for Intapp (NASDAQ:INTA) Stock

Intapp (NASDAQ:INTA) had its price objective hoisted by Raymond James from $46.00 to $55.00 in a report released on Tuesday morning, Benzinga reports. Raymond James currently has an outperform rating on the stock.

A number of other analysts also recently commented on INTA. Bank of America dropped their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Barclays increased their price objective on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Piper Sandler reissued an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research note on Tuesday. Finally, UBS Group lifted their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.55.

Intapp Price Performance

INTA opened at $50.47 on Tuesday. The business has a 50 day moving average price of $47.64 and a two-hundred day moving average price of $39.79. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of -112.16 and a beta of 0.64. Intapp has a 1-year low of $30.36 and a 1-year high of $54.68.

Intapp (NASDAQ:INTA) last announced 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. The business had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. Equities analysts expect that Intapp will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the sale, the insider now directly owns 772,412 shares in the company, valued at $34,828,057.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Thad Jampol sold 20,000 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00. Following the transaction, the insider now owns 772,412 shares in the company, valued at $34,828,057.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michele Murgel sold 1,252 shares of Intapp stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,600.00. Following the completion of the sale, the insider now directly owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,239 shares of company stock worth $7,360,981 over the last 90 days. 13.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in Intapp by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,379 shares of the company’s stock worth $390,000 after purchasing an additional 959 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Intapp during the 1st quarter worth $86,000. George Kaiser Family Foundation grew its stake in Intapp by 29.8% in the 1st quarter. George Kaiser Family Foundation now owns 71,122 shares of the company’s stock valued at $2,439,000 after buying an additional 16,342 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Intapp by 91.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 18,515 shares of the company’s stock worth $635,000 after acquiring an additional 8,852 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Intapp by 58.1% during the first quarter. Swiss National Bank now owns 86,500 shares of the company’s stock valued at $2,967,000 after acquiring an additional 31,800 shares during the period. 89.96% of the stock is owned by institutional investors.

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.