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

Intapp, Inc. (NASDAQ:INTA) has been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $66.89.

Several brokerages have commented on INTA. Truist Financial cut their target price on Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus lowered their price target on Intapp from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Barclays decreased their price objective on shares of Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. UBS Group cut their target price on shares of Intapp from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Finally, Piper Sandler dropped their price target on Intapp from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th.

Intapp Stock Down 1.2%

Intapp stock opened at $53.86 on Monday. Intapp has a 12-month low of $31.08 and a 12-month high of $77.74. The firm’s fifty day moving average is $56.39 and its 200 day moving average is $61.68. The company has a market capitalization of $4.36 billion, a PE ratio of -185.72 and a beta of 0.84.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $129.07 million for the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. Sell-side analysts expect that Intapp will post -0.14 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, insider Thad Jampol sold 5,000 shares of Intapp stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $56.65, for a total value of $283,250.00. Following the completion of the sale, the insider now owns 857,250 shares of the company’s stock, valued at approximately $48,563,212.50. This trade represents a 0.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the sale, the insider now owns 182,462 shares of the company’s stock, valued at $10,947,720. The trade was a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,755 shares of company stock valued at $17,372,011. Insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. bought a new stake in Intapp during the fourth quarter valued at approximately $291,000. Venturi Wealth Management LLC bought a new stake in Intapp during the fourth quarter valued at about $305,000. Charles Schwab Investment Management Inc. raised its holdings in Intapp by 17.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company’s stock valued at $28,755,000 after acquiring an additional 67,694 shares during the period. Wells Fargo & Company MN boosted its stake in Intapp by 79.4% in the 4th quarter. Wells Fargo & Company MN now owns 30,607 shares of the company’s stock worth $1,962,000 after purchasing an additional 13,543 shares during the period. Finally, Barclays PLC boosted its stake in Intapp by 90.1% in the 3rd quarter. Barclays PLC now owns 106,781 shares of the company’s stock worth $5,108,000 after purchasing an additional 50,607 shares during the period. Institutional investors own 89.96% of the company’s stock.

Intapp Company Profile

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.