Intapp (NASDAQ:INTA) Given Equal Weight Rating at Barclays

Barclays reaffirmed their equal weight rating on shares of Intapp (NASDAQ:INTA) in a research note published on Monday morning, Marketbeat reports. Barclays currently has a $44.00 price objective on the stock.

A number of other brokerages have also commented on INTA. Piper Sandler reiterated an overweight rating and issued a $46.00 price objective on shares of Intapp in a report on Wednesday, August 14th. UBS Group boosted their price objective on shares of Intapp from $49.00 to $50.00 and gave the company a buy rating in a research report on Wednesday, August 14th. Bank of America lowered their price objective on shares of Intapp from $52.00 to $48.00 and set a buy rating for the company in a research report on Wednesday, August 14th. Citigroup boosted their price objective on shares of Intapp from $52.00 to $63.00 and gave the company a buy rating in a research report on Wednesday, September 25th. Finally, Stifel Nicolaus upped their target price on shares of Intapp from $45.00 to $60.00 and gave the stock a buy rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $50.00.

Intapp Stock Up 0.6 %

INTA stock opened at $47.28 on Monday. Intapp has a one year low of $30.36 and a one year high of $51.80. The company has a 50 day moving average price of $43.51 and a two-hundred day moving average price of $37.64.

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

Insider Transactions at Intapp

In related news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $34.94, for a total transaction of $174,700.00. Following the completion of the sale, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at $22,655,480.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $34.94, for a total transaction of $174,700.00. Following the completion of the sale, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at $22,655,480.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 146,239 shares of company stock valued at $7,052,331. Company insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Intapp by 42.7% in 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 during the period. Bamco Inc. NY bought a new stake in shares of Intapp during the 1st quarter worth $88,605,000. Clearbridge Investments LLC boosted its holdings in shares of Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after buying an additional 301,238 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Intapp by 18.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after buying an additional 106,668 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its holdings in shares of Intapp by 58.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 381,912 shares of the company’s stock worth $13,100,000 after buying an additional 140,792 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.