Analysts Set Intapp, Inc. (NASDAQ:INTA) Price Target at $46.13

Shares of Intapp, Inc. (NASDAQ:INTA) have been given an average recommendation of “Buy” by the eight ratings firms that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $46.13.

Several equities research analysts have recently issued reports on the stock. BTIG Research decreased their price target on shares of Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Oppenheimer decreased their target price on Intapp from $50.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Stifel Nicolaus dropped their price target on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Piper Sandler cut their price target on Intapp from $52.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Finally, Citigroup lowered their price objective on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd.

Intapp Trading Up 2.7 %

INTA stock opened at $36.05 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of -59.10 and a beta of 0.61. The stock’s fifty day simple moving average is $34.58 and its two-hundred day simple moving average is $36.81. Intapp has a 1-year low of $30.36 and a 1-year high of $45.43.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. The company had revenue of $110.64 million for the quarter, compared to the consensus estimate of $108.18 million. As a group, analysts forecast that Intapp will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In related news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $35.37, for a total transaction of $176,850.00. Following the completion of the transaction, the chief operating officer now owns 648,411 shares of the company’s stock, valued at $22,934,297.07. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $35.37, for a total transaction of $176,850.00. Following the completion of the sale, the chief operating officer now owns 648,411 shares of the company’s stock, valued at $22,934,297.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thad Jampol sold 10,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $31.87, for a total value of $318,700.00. Following the completion of the transaction, the insider now owns 727,759 shares in the company, valued at $23,193,679.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,724 shares of company stock valued at $1,923,651. 36.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intapp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in shares of Intapp by 239.1% in the 1st 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 last quarter. Comerica Bank increased its stake in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after acquiring an additional 865 shares during the last quarter. Assetmark Inc. raised its position in Intapp by 164.6% during the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after purchasing an additional 815 shares in the last quarter. Covestor Ltd lifted its stake in Intapp by 52.0% during the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after purchasing an additional 819 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Intapp by 81,400.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock valued at $82,000 after buying an additional 2,442 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other 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.