Intapp, Inc. (NASDAQ:INTA) Given Average Recommendation of “Buy” by Analysts

Intapp, Inc. (NASDAQ:INTA – Get Rating) has been given a consensus rating of “Buy” by the eight analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is $33.75.

INTA has been the subject of several research reports. Raymond James lowered their target price on Intapp from $32.00 to $26.00 in a report on Thursday, May 12th. Credit Suisse Group lowered their target price on Intapp from $35.00 to $27.00 in a report on Thursday, May 12th. Finally, Oppenheimer lowered their target price on Intapp from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, June 17th.

Shares of Intapp stock opened at $14.26 on Thursday. Intapp has a twelve month low of $13.52 and a twelve month high of $40.91. The business has a 50-day moving average price of $21.12 and a 200 day moving average price of $22.16. The firm has a market cap of $887.29 million and a PE ratio of -7.24.

Intapp (NASDAQ:INTA – Get Rating) last announced its quarterly earnings results on Wednesday, May 11th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.36. Intapp had a negative return on equity of 47.43% and a negative net margin of 36.46%. Sell-side analysts anticipate that Intapp will post -1.5 earnings per share for the current fiscal year.

In other news, COO Donald F. Coleman sold 2,520 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $22.09, for a total transaction of $55,666.80. Following the sale, the chief operating officer now owns 473,312 shares of the company’s stock, valued at $10,455,462.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 1,232 shares of the company’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $20.85, for a total value of $25,687.20. Following the sale, the insider now directly owns 471,977 shares in the company, valued at approximately $9,840,720.45. The disclosure for this sale can be found here. Insiders have sold 43,818 shares of company stock worth $941,435 over the last 90 days. 45.24% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new position in Intapp in the third quarter valued at $30,000. Citigroup Inc. purchased a new position in Intapp in the third quarter valued at $38,000. Metropolitan Life Insurance Co NY purchased a new position in Intapp in the third quarter valued at $83,000. New York State Common Retirement Fund grew its holdings in shares of Intapp by 266.4% during the fourth quarter. New York State Common Retirement Fund now owns 6,596 shares of the company’s stock worth $166,000 after purchasing an additional 4,796 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Intapp by 57.0% during the first quarter. MetLife Investment Management LLC now owns 6,665 shares of the company’s stock worth $160,000 after purchasing an additional 2,420 shares during the last quarter. 81.96% of the stock is currently owned by hedge funds and other institutional investors.

About Intapp (Get Rating)

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; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.

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