Intapp (NASDAQ:INTA) Price Target Raised to $48.00 at Barclays

Intapp (NASDAQ:INTA) had its price target upped by stock analysts at Barclays from $44.00 to $48.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 18.31% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Bank of America lowered their target price on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Citigroup upped their target price on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. UBS Group boosted their price target on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Oppenheimer restated a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Finally, Piper Sandler restated an “overweight” rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.55.

Intapp Stock Performance

Shares of INTA opened at $58.76 on Tuesday. The stock has a 50 day moving average price of $47.75 and a 200 day moving average price of $39.93. Intapp has a one year low of $30.36 and a one year high of $59.28. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of -202.62 and a beta of 0.64.

Intapp (NASDAQ:INTA) last issued its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.20) earnings per share. On average, analysts predict that Intapp will post -0.15 earnings per share for the current year.

Insider Transactions at Intapp

In related news, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Donald F. Coleman sold 30,318 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $49.43, for a total transaction of $1,498,618.74. Following the sale, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $33,031,053.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,239 shares of company stock valued at $7,360,981. 13.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Intapp

A number of institutional investors have recently bought and sold shares of INTA. Natixis Advisors LLC acquired a new position in Intapp in the third quarter valued at approximately $1,471,000. GSA Capital Partners LLP acquired a new position in shares of Intapp in the 3rd quarter valued at $481,000. Los Angeles Capital Management LLC purchased a new position in shares of Intapp in the 3rd quarter valued at $354,000. TimesSquare Capital Management LLC lifted its position in Intapp by 27.6% in the third quarter. TimesSquare Capital Management LLC now owns 545,160 shares of the company’s stock valued at $26,075,000 after acquiring an additional 117,795 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new position in Intapp in the third quarter valued at $5,043,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.