Intapp (NASDAQ:INTA) Given Overweight Rating at Piper Sandler

Intapp (NASDAQ:INTA)‘s stock had its “overweight” rating restated by analysts at Piper Sandler in a report issued on Tuesday,Benzinga reports. They presently have a $71.00 target price on the stock, up from their previous target price of $60.00. Piper Sandler’s price objective points to a potential downside of 3.41% from the company’s previous close.

Several other research firms also recently commented on INTA. UBS Group upped their price target on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday. Citigroup restated a “neutral” rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Truist Financial lifted their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Barclays lifted their price objective on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.64.

Intapp Stock Performance

Shares of INTA opened at $73.51 on Tuesday. The firm has a market cap of $5.69 billion, a P/E ratio of -253.48 and a beta of 0.74. Intapp has a 52 week low of $30.36 and a 52 week high of $75.90. The firm’s 50-day simple moving average is $66.71 and its 200 day simple moving average is $53.63.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. As a group, equities analysts forecast that Intapp will post -0.14 earnings per share for the current year.

Insider Activity at Intapp

In other news, CFO David H. Morton, Jr. sold 4,204 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $59.97, for a total value of $252,113.88. Following the completion of the transaction, the chief financial officer now owns 27,331 shares of the company’s stock, valued at $1,639,040.07. This represents a 13.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David Benjamin Harrison sold 22,373 shares of Intapp stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 316,846 shares of company stock valued at $20,158,913. 13.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in Intapp by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after purchasing an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after buying an additional 373 shares during the period. Global Retirement Partners LLC acquired a new position in Intapp in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the 4th quarter valued at about $25,000. Finally, Amalgamated Bank grew its stake in shares of Intapp by 30.0% in the 4th quarter. Amalgamated Bank now owns 1,819 shares of the company’s stock valued at $117,000 after buying an additional 420 shares during the period. 89.96% of the stock is currently owned by institutional investors.

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.