Intapp (NASDAQ:INTA) Price Target Raised to $55.00

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

A number of other brokerages have also weighed in on INTA. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler restated an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a research note on Tuesday. Finally, Citigroup lifted their price target on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Intapp presently has an average rating of “Moderate Buy” and a consensus price target of $53.55.

Intapp Trading Up 1.5 %

NASDAQ INTA opened at $59.64 on Tuesday. Intapp has a 12 month low of $30.36 and a 12 month high of $59.92. The stock’s fifty day moving average price is $48.29 and its 200-day moving average price is $40.19. The stock has a market cap of $4.59 billion, a P/E ratio of -205.66 and a beta of 0.64.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million for 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%. Intapp’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) EPS. As a group, analysts forecast that Intapp will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 31,666 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the sale, the insider now owns 772,412 shares of the company’s stock, valued at $37,917,705.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Thad Jampol sold 31,666 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the transaction, the insider now owns 772,412 shares of the company’s stock, valued at $37,917,705.08. This trade 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 available through this hyperlink. Also, COO Donald F. Coleman sold 35,778 shares of Intapp stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $54.23, for a total value of $1,940,240.94. Following the transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $36,238,600.97. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,017 shares of company stock valued at $9,301,222. Insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently modified their holdings of INTA. Vanguard Group Inc. lifted its stake in shares of Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after buying an additional 1,501,091 shares in the last quarter. Bamco Inc. NY purchased a new position in shares of Intapp in the first quarter valued at about $88,605,000. Clearbridge Investments LLC lifted its position in shares of Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after acquiring an additional 301,238 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Intapp by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after acquiring an additional 106,668 shares during the period. Finally, TimesSquare Capital Management LLC grew its position in shares of Intapp by 27.6% during the third quarter. TimesSquare Capital Management LLC now owns 545,160 shares of the company’s stock worth $26,075,000 after purchasing an additional 117,795 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other 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.