Intapp (NASDAQ:INTA) Price Target Raised to $55.00 at Raymond James

Intapp (NASDAQ:INTA) had its price objective upped by Raymond James from $46.00 to $55.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Raymond James currently has an outperform rating on the stock.

Several other research analysts have also recently commented on the company. Barclays boosted their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America reduced their target price on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Oppenheimer restated a “market perform” rating on shares of Intapp in a research note on Monday, July 8th. 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 research note on Monday, September 23rd. Finally, Citigroup boosted their target price on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

Intapp Stock Up 0.5 %

NASDAQ INTA opened at $50.47 on Tuesday. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $54.68. The business has a 50 day moving average price of $47.64 and a two-hundred day moving average price of $39.79. The stock has a market cap of $3.88 billion, a PE ratio of -112.16 and a beta of 0.64.

Intapp (NASDAQ:INTA) last announced its 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. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. Sell-side analysts anticipate that Intapp will post -0.15 EPS for the current fiscal year.

Insider Activity at Intapp

In other Intapp news, insider Michele Murgel sold 1,252 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the transaction, the insider now owns 152,702 shares of the company’s stock, valued at $7,635,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Donald F. Coleman sold 58,003 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the completion of the transaction, the chief operating officer now owns 668,239 shares in the company, valued at $32,950,865.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michele Murgel sold 1,252 shares of the stock in a transaction on Monday, September 23rd. The stock was 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 directly owns 152,702 shares in the company, valued at $7,635,100. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,239 shares of company stock valued at $7,360,981 in the last quarter. Insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently modified their holdings of the company. J.Safra Asset Management Corp boosted its stake in Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 581 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Intapp by 1,054.0% during 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 period. Blue Trust Inc. bought a new position in Intapp in the 2nd quarter worth approximately $30,000. Finally, Comerica Bank increased its position in Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after acquiring an additional 865 shares during the period. 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.