Intapp (NASDAQ:INTA) Price Target Raised to $75.00

Intapp (NASDAQ:INTA) had its price target boosted by equities research analysts at Stifel Nicolaus from $70.00 to $75.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 10.77% from the stock’s previous close.

Several other analysts have also commented on the company. Truist Financial boosted their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Piper Sandler reissued an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Citigroup boosted their price objective on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday. Barclays boosted their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Raymond James boosted their price objective on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.64.

Intapp Trading Up 2.9 %

INTA stock traded up $1.91 during trading on Wednesday, hitting $67.71. The company had a trading volume of 220,689 shares, compared to its average volume of 637,733. The company has a fifty day moving average price of $57.25 and a two-hundred day moving average price of $45.78. The company has a market cap of $5.24 billion, a P/E ratio of -233.48 and a beta of 0.74. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $71.34.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. Intapp’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.20) EPS. On average, analysts expect that Intapp will post -0.14 earnings per share for the current year.

Insider Transactions at Intapp

In related news, insider David Benjamin Harrison sold 22,373 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $68.87, for a total value of $1,540,828.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John T. Hall sold 61,842 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $59.68, for a total value of $3,690,730.56. Following the completion of the sale, the chief executive officer now owns 5,030,432 shares of the company’s stock, valued at $300,216,181.76. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 459,877 shares of company stock worth $25,999,029 over the last 90 days. 13.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTA. Farther Finance Advisors LLC grew its stake in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares during the period. Blue Trust Inc. acquired a new position in Intapp in the second quarter valued at about $30,000. Quest Partners LLC acquired a new position in Intapp in the third quarter valued at about $54,000. Financial Management Professionals Inc. acquired a new position in Intapp in the third quarter valued at about $57,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Intapp in the third quarter valued at about $64,000. 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.