Intapp, Inc. (NASDAQ:INTA) Receives $48.44 Consensus Target Price from Analysts

Shares of Intapp, Inc. (NASDAQ:INTA) have been given an average recommendation of “Buy” by the eight brokerages that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $46.88.

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Intapp from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Piper Sandler reiterated an “overweight” rating and issued a $52.00 price target on shares of Intapp in a report on Monday, February 26th. Stifel Nicolaus cut their price objective on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. BTIG Research lowered their target price on shares of Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Oppenheimer dropped their target price on shares of Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd.

Intapp Price Performance

Shares of INTA stock opened at $36.15 on Thursday. The company has a market cap of $2.64 billion, a PE ratio of -45.19 and a beta of 0.56. Intapp has a 1 year low of $30.36 and a 1 year high of $50.46. The stock’s 50 day simple moving average is $33.29 and its two-hundred day simple moving average is $37.13.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. The company had revenue of $103.93 million during the quarter, compared to the consensus estimate of $103.17 million. Equities research analysts expect that Intapp will post -0.53 EPS for the current year.

Insider Buying and Selling

In related news, Director George R. Neble sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the sale, the director now directly owns 29,047 shares in the company, valued at $911,494.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Donald F. Coleman sold 15,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $38.91, for a total value of $583,650.00. Following the transaction, the chief operating officer now owns 629,338 shares of the company’s stock, valued at approximately $24,487,541.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George R. Neble sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the sale, the director now directly owns 29,047 shares in the company, valued at $911,494.86. The disclosure for this sale can be found here. Insiders sold a total of 7,091,704 shares of company stock valued at $257,488,285 over the last 90 days. Insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several hedge funds have recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Intapp by 164.6% in 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 during the period. Robeco Institutional Asset Management B.V. purchased a new stake in Intapp during the 3rd quarter worth about $52,000. Allspring Global Investments Holdings LLC boosted its position in shares of Intapp by 152.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock worth $67,000 after acquiring an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. raised its position 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 worth $82,000 after acquiring an additional 2,442 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Intapp during the first quarter worth approximately $86,000. Institutional investors and hedge funds 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.