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

Shares of Intapp, Inc. (NASDAQ:INTA) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $66.45.

Several equities research analysts have recently issued reports on INTA shares. Piper Sandler restated an “overweight” rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group raised their price objective on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Barclays raised their target price on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Truist Financial raised their target price on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. raised their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 70,986 shares of Intapp stock in a transaction on Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the transaction, the chief executive officer now directly owns 5,026,096 shares of the company’s stock, valued at approximately $345,946,187.68. This trade represents a 1.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction on Monday, December 9th. The shares were sold at an average price of $67.97, for a total value of $1,359,400.00. Following the transaction, the insider now directly owns 798,222 shares of the company’s stock, valued at approximately $54,255,149.34. The trade was a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 272,109 shares of company stock valued at $18,318,271. 13.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after buying an additional 672,832 shares during the last quarter. FMR LLC raised its holdings in shares of Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after buying an additional 411,434 shares during the last quarter. Bamco Inc. NY raised its holdings in shares of Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after buying an additional 34,409 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Intapp by 6,506.1% in the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after buying an additional 1,950,526 shares during the last quarter. Finally, Praesidium Investment Management Company LLC raised its holdings in shares of Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after buying an additional 256,327 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Intapp Trading Down 0.9 %

Shares of Intapp stock opened at $65.30 on Wednesday. The company’s fifty day simple moving average is $68.07 and its 200-day simple moving average is $57.42. The company has a market cap of $5.18 billion, a price-to-earnings ratio of -225.16 and a beta of 0.74. Intapp has a 1 year low of $30.36 and a 1 year high of $77.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, research analysts forecast that Intapp will post -0.14 earnings per share for the current fiscal year.

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.