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

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

Other equities research analysts also recently issued reports about the stock. Barclays upped their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James upped their price objective on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Truist Financial upped their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

Intapp Stock Down 2.1 %

INTA opened at $64.43 on Monday. Intapp has a 52 week low of $30.36 and a 52 week high of $71.34. The business has a fifty day simple moving average of $57.60 and a 200-day simple moving average of $45.91. The firm 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 earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business posted ($0.20) EPS. Sell-side analysts expect that Intapp will post -0.14 earnings per share for the current year.

Insider Activity

In other news, CEO John T. Hall sold 70,986 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. The trade was a 1.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michele Murgel sold 1,252 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,600.00. Following the completion of the transaction, the insider now directly owns 152,702 shares in the company, valued at $7,635,100. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 499,197 shares of company stock worth $29,330,511. 13.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its position in shares of Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Blue Trust Inc. purchased a new position in Intapp during the 2nd quarter worth approximately $30,000. Hennion & Walsh Asset Management Inc. increased its position in Intapp by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 15,398 shares of the company’s stock worth $565,000 after buying an additional 1,787 shares during the period. Bank of New York Mellon Corp lifted its stake in Intapp by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock valued at $5,325,000 after buying an additional 10,789 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Intapp by 99.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,813 shares of the company’s stock valued at $397,000 after acquiring an additional 5,394 shares during the period. 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.