Intapp’s (INTA) “Market Perform” Rating Reiterated at Raymond James

Raymond James restated their market perform rating on shares of Intapp (NASDAQ:INTA) in a research report sent to investors on Friday morning, MarketBeat Ratings reports.

INTA has been the subject of several other research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Citigroup increased their target price on Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Truist Financial increased their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus increased their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and an average price target of $60.64.

Intapp Stock Performance

INTA opened at $63.67 on Friday. The firm has a 50 day moving average price of $61.42 and a 200 day moving average price of $48.58. The company has a market cap of $4.93 billion, a PE ratio of -219.55 and a beta of 0.74. Intapp has a 1 year low of $30.36 and a 1 year high of $71.34.

Intapp (NASDAQ:INTA) last posted its 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. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same quarter in the prior year, the company earned ($0.20) EPS. The company’s revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts predict that Intapp will post -0.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John T. Hall sold 44,009 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the transaction, the chief executive officer now owns 5,093,692 shares in the company, valued at $302,055,935.60. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thad Jampol sold 20,000 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total value of $901,800.00. Following the completion of the transaction, the insider now owns 772,412 shares of the company’s stock, valued at $34,828,057.08. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 409,624 shares of company stock valued at $24,909,164 over the last three months. Company insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

Several institutional investors have recently made changes to their positions in INTA. Bank of New York Mellon Corp lifted its holdings in shares of Intapp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock valued at $5,325,000 after buying an additional 10,789 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Intapp by 99.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company’s stock valued at $397,000 after acquiring an additional 5,394 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Intapp by 9.6% in the 2nd quarter. Rhumbline Advisers now owns 54,656 shares of the company’s stock valued at $2,004,000 after acquiring an additional 4,794 shares in the last quarter. Mayflower Financial Advisors LLC bought a new position in shares of Intapp in the 2nd quarter valued at approximately $250,000. Finally, Federated Hermes Inc. raised its stake in shares of Intapp by 9.8% in the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after acquiring an additional 694 shares in the last quarter. 89.96% of the stock is currently 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.