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

Intapp (NASDAQ:INTA) had its price target upped by Stifel Nicolaus from $70.00 to $75.00 in a research report report published on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Raymond James boosted their price target on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Truist Financial boosted their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Citigroup raised their target price on shares of Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Barclays increased their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.64.

Intapp Price Performance

Shares of NASDAQ INTA opened at $64.30 on Wednesday. The stock has a market cap of $4.98 billion, a PE ratio of -221.72 and a beta of 0.74. Intapp has a 1 year low of $30.36 and a 1 year high of $71.34. The firm has a fifty day moving average price of $57.60 and a 200-day moving average price of $45.91.

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

Insider Activity at Intapp

In other Intapp news, CEO John T. Hall sold 70,986 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the transaction, the chief executive officer now owns 5,026,096 shares in the company, valued at $345,946,187.68. The trade was a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Donald F. Coleman sold 58,003 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $32,950,865.09. This represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 499,197 shares of company stock valued at $29,330,511. Insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of large investors have recently made changes to their positions in INTA. Franklin Resources Inc. lifted its stake in Intapp by 28.4% in the third quarter. Franklin Resources Inc. now owns 456,619 shares of the company’s stock worth $22,173,000 after purchasing an additional 100,982 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Intapp during the third quarter valued at approximately $64,000. Sanctuary Advisors LLC purchased a new stake in shares of Intapp in the third quarter worth approximately $239,000. Virtu Financial LLC bought a new stake in shares of Intapp during the 3rd quarter worth approximately $609,000. Finally, Geode Capital Management LLC lifted its stake in shares of Intapp by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after acquiring an additional 95,035 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.