Intapp (NASDAQ:INTA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Intapp (NASDAQ:INTA) had its price target upped by stock analysts at JPMorgan Chase & Co. from $52.00 to $58.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 1.29% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus lifted their target price on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Barclays increased their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday. UBS Group lifted their price target on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Bank of America cut their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, Citigroup upped their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.55.

Intapp Stock Performance

Intapp stock opened at $58.76 on Tuesday. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of -202.62 and a beta of 0.64. Intapp has a 52-week low of $30.36 and a 52-week high of $59.28. The firm has a 50 day moving average price of $47.75 and a two-hundred day moving average price of $39.93.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The business had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the previous year, the business earned ($0.20) earnings per share. Intapp’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts predict that Intapp will post -0.15 EPS for the current fiscal year.

Insider Transactions at Intapp

In related news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $49.23, for a total transaction of $246,150.00. Following the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,897,405.97. This trade 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 this link. In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $49.23, for a total transaction of $246,150.00. Following the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,897,405.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,239 shares of company stock worth $7,360,981 in the last quarter. 13.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intapp

A number of institutional investors have recently made changes to their positions in INTA. J.Safra Asset Management Corp boosted its holdings in Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after buying an additional 581 shares during the period. Farther Finance Advisors LLC raised its holdings in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares during the last quarter. Blue Trust Inc. purchased a new stake in Intapp during the 2nd quarter valued at $30,000. Finally, Comerica Bank boosted its position in Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after buying an additional 865 shares during the period. Hedge funds and other institutional investors 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.