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

Intapp, Inc. (NASDAQ:INTA) has been given an average rating of “Buy” by the eight brokerages that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is $46.13.

A number of research analysts recently issued reports on INTA shares. BTIG Research decreased their price objective on Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Oppenheimer lowered their price objective on shares of Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Piper Sandler reduced their target price on shares of Intapp from $52.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Barclays lowered their price target on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Finally, Citigroup cut their price target on shares of Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd.

Insider Activity at Intapp

In other Intapp news, insider Thad Jampol sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $31.87, for a total transaction of $318,700.00. Following the transaction, the insider now owns 727,759 shares of the company’s stock, valued at $23,193,679.33. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director George R. Neble sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total value of $47,070.00. Following the transaction, the director now owns 29,047 shares in the company, valued at approximately $911,494.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thad Jampol sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $31.87, for a total transaction of $318,700.00. Following the sale, the insider now owns 727,759 shares of the company’s stock, valued at $23,193,679.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,724 shares of company stock worth $1,923,651. Insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of large investors have recently made changes to their positions in INTA. Advisors Asset Management Inc. increased its position in Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after buying an additional 581 shares during the period. Comerica Bank raised its stake in Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Assetmark Inc. boosted its holdings in Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after purchasing an additional 815 shares during the period. Covestor Ltd grew its position in shares of Intapp by 52.0% during the 1st quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after purchasing an additional 819 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Intapp by 81,400.0% during the third quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after purchasing an additional 2,442 shares during the period. Institutional investors own 89.96% of the company’s stock.

Intapp Stock Performance

Shares of INTA opened at $36.05 on Friday. The firm has a market cap of $2.65 billion, a P/E ratio of -59.10 and a beta of 0.61. Intapp has a twelve month low of $30.36 and a twelve month high of $45.43. The firm’s 50 day moving average price is $34.58 and its two-hundred day moving average price is $36.81.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. The business had revenue of $110.64 million for the quarter, compared to analysts’ expectations of $108.18 million. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. On average, sell-side analysts anticipate that Intapp will post -0.37 earnings per share for the current fiscal year.

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.