Intapp (NASDAQ:INTA) Price Target Raised to $55.00

Intapp (NASDAQ:INTA) had its target price boosted by Raymond James from $46.00 to $55.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

INTA has been the topic of several other reports. JPMorgan Chase & Co. boosted their price objective on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group raised their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Stifel Nicolaus boosted their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Bank of America dropped their target price on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target (up from $46.00) on shares of Intapp in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

Intapp Stock Performance

Shares of INTA opened at $59.64 on Tuesday. The stock has a market capitalization of $4.59 billion, a PE ratio of -205.66 and a beta of 0.64. The company’s fifty day moving average is $48.29 and its 200 day moving average is $40.19. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $59.92.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted ($0.20) EPS. As a group, research analysts forecast that Intapp will post -0.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 31,666 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the transaction, the insider now owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Thad Jampol sold 31,666 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the transaction, the insider now directly owns 772,412 shares in the company, valued at approximately $37,917,705.08. 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 accessible through this link. Also, Director Ralph Baxter sold 5,000 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $47.44, for a total value of $237,200.00. Following the sale, the director now owns 5,624 shares of the company’s stock, valued at approximately $266,802.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,017 shares of company stock worth $9,301,222 in the last ninety days. 13.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTA. Allspring Global Investments Holdings LLC lifted its position in shares of Intapp by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,379 shares of the company’s stock valued at $390,000 after buying an additional 959 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Intapp in the first quarter valued at approximately $86,000. George Kaiser Family Foundation grew its holdings in Intapp by 29.8% in the first quarter. George Kaiser Family Foundation now owns 71,122 shares of the company’s stock worth $2,439,000 after purchasing an additional 16,342 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Intapp by 91.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 18,515 shares of the company’s stock worth $635,000 after purchasing an additional 8,852 shares in the last quarter. Finally, Swiss National Bank grew its stake in Intapp by 58.1% during the 1st quarter. Swiss National Bank now owns 86,500 shares of the company’s stock worth $2,967,000 after buying an additional 31,800 shares during the last quarter. Hedge funds and other 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.