Intapp (NASDAQ:INTA) Price Target Raised to $89.00 at UBS Group

Intapp (NASDAQ:INTA) had its price objective hoisted by UBS Group from $84.00 to $89.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Stifel Nicolaus raised their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Barclays raised their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.36.

Intapp Trading Down 1.2 %

Shares of INTA opened at $71.65 on Monday. Intapp has a 12-month low of $30.36 and a 12-month high of $72.91. The company has a market cap of $5.54 billion, a PE ratio of -247.07 and a beta of 0.73. The stock has a 50-day moving average price of $65.76 and a 200-day moving average price of $52.49.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $118.81 million for 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%. The company’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.20) EPS. As a group, analysts predict that Intapp will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other news, Director Ralph Baxter sold 9,289 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $70.14, for a total value of $651,530.46. Following the completion of the transaction, the director now owns 9,441 shares of the company’s stock, valued at $662,191.74. This represents a 49.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Donald F. Coleman sold 35,778 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total value of $1,940,240.94. Following the completion of the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $36,238,600.97. The trade was a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 402,624 shares of company stock valued at $24,954,154. Insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in INTA. FORA Capital LLC bought a new position in Intapp during the third quarter valued at $566,000. Loomis Sayles & Co. L P increased its stake in Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares during the period. Farther Finance Advisors LLC lifted its holdings in Intapp by 1,054.0% during 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 in the last quarter. Barclays PLC raised its stake in shares of Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after acquiring an additional 50,607 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Intapp during the 3rd quarter valued at $468,000. Institutional investors own 89.96% of the company’s stock.

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.