Intapp (NASDAQ:INTA) Price Target Raised to $87.00

Intapp (NASDAQ:INTA) had its target price raised by Citigroup from $63.00 to $87.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

INTA has been the topic of a number of other research reports. Raymond James increased their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Stifel Nicolaus increased their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. 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 research note on Friday, December 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price target (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.64.

Intapp Stock Performance

Shares of Intapp stock opened at $64.43 on Monday. The firm has a 50-day simple moving average of $57.60 and a two-hundred day simple moving average of $45.91. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $71.34. The company has a market cap of $4.99 billion, a P/E ratio of -222.17 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $118.81 million during 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 revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.20) EPS. Equities research analysts forecast that Intapp will post -0.14 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ralph Baxter sold 9,289 shares of Intapp stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $70.14, for a total transaction of $651,530.46. Following the transaction, the director now owns 9,441 shares in the company, valued at approximately $662,191.74. This trade represents a 49.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michele Murgel sold 1,252 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the sale, the insider now owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 499,197 shares of company stock valued at $29,330,511 in the last ninety days. 13.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently bought and sold shares of INTA. Farther Finance Advisors LLC grew its stake in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares during the period. Blue Trust Inc. purchased a new position in Intapp in the second quarter worth approximately $30,000. Comerica Bank grew its position in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares during the period. Quest Partners LLC purchased a new stake in Intapp in the third quarter valued at $54,000. Finally, Financial Management Professionals Inc. acquired a new position in shares of Intapp in the 3rd quarter valued at $57,000. 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.