Intapp (NASDAQ:INTA) PT Raised to $60.00

Intapp (NASDAQ:INTA) had its price target boosted by research analysts at Stifel Nicolaus from $45.00 to $60.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 19.28% from the company’s current price.

Other equities analysts have also issued reports about the company. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 price target on shares of Intapp in a research note on Wednesday, August 14th. Barclays increased their price objective on Intapp from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. UBS Group increased their price objective on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Citigroup increased their price objective on Intapp from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Intapp currently has a consensus rating of “Moderate Buy” and an average price target of $48.78.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $50.30 on Monday. The stock has a fifty day moving average price of $40.81 and a two-hundred day moving average price of $36.57. The firm has a market cap of $3.69 billion, a P/E ratio of -82.46 and a beta of 0.65. Intapp has a 1 year low of $30.36 and a 1 year high of $50.78.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $114.38 million during the quarter, compared to analyst estimates of $111.58 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the company posted ($0.14) EPS. On average, research analysts predict that Intapp will post -0.15 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,950,865.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $34.92, for a total value of $523,800.00. Following the transaction, the insider now directly owns 749,652 shares of the company’s stock, valued at $26,177,847.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at $32,950,865.09. The disclosure for this sale can be found here. Insiders sold 114,669 shares of company stock worth $5,295,562 over the last quarter. Corporate insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new position in Intapp during the fourth quarter worth $257,000. Charles Schwab Investment Management Inc. increased its position in Intapp by 23.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 235,629 shares of the company’s stock worth $8,959,000 after buying an additional 45,254 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Intapp by 160.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,376 shares of the company’s stock worth $242,000 after buying an additional 3,931 shares during the last quarter. Trexquant Investment LP acquired a new position in Intapp during the fourth quarter worth $1,616,000. Finally, Assetmark Inc. increased its position in Intapp by 164.6% during the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after buying an additional 815 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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.