Intapp (NASDAQ:INTA) Price Target Raised to $92.00

Intapp (NASDAQ:INTA) had its price objective hoisted by equities research analysts at UBS Group from $89.00 to $92.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 32.90% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Piper Sandler reissued an “overweight” rating and issued a $60.00 price target (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Truist Financial increased their target price on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Citigroup reiterated a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $63.64.

Intapp Trading Down 2.9 %

INTA traded down $2.07 on Monday, reaching $69.22. The company had a trading volume of 339,668 shares, compared to its average volume of 596,376. The company has a market capitalization of $5.36 billion, a P/E ratio of -239.18 and a beta of 0.74. The company has a fifty day moving average of $66.25 and a 200-day moving average of $53.12. Intapp has a one year low of $30.36 and a one year high of $73.86.

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

Insider Activity

In related news, COO Donald F. Coleman sold 35,778 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $36,238,600.97. This trade represents a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John T. Hall sold 70,986 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total value of $4,885,966.38. Following the completion of the transaction, the chief executive officer now owns 5,026,096 shares in the company, valued at $345,946,187.68. This trade represents a 1.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 402,624 shares of company stock worth $24,954,154 in the last 90 days. Company insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTA. Raleigh Capital Management Inc. acquired a new stake in shares of Intapp in the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new stake in shares of Intapp in the fourth quarter worth about $25,000. Farther Finance Advisors LLC lifted its position in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Intapp during the 3rd quarter worth about $54,000. Finally, Financial Management Professionals Inc. acquired a new position in shares of Intapp during the 3rd quarter valued at about $57,000. Institutional investors 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.