Intapp (NASDAQ:INTA) Receives “Overweight” Rating from Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Intapp (NASDAQ:INTA) in a research report sent to investors on Tuesday,Benzinga reports. Piper Sandler currently has a $71.00 price target on the stock, up from their prior price target of $60.00.

A number of other brokerages have also issued reports on INTA. Citigroup restated a “neutral” rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Stifel Nicolaus lifted their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Truist Financial boosted their target price on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.64.

Intapp Price Performance

Intapp stock opened at $73.51 on Tuesday. The business has a fifty day moving average price of $66.71 and a 200-day moving average price of $53.63. Intapp has a 1-year low of $30.36 and a 1-year high of $75.90. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of -253.48 and a beta of 0.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. On average, equities research analysts anticipate that Intapp will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, CEO John T. Hall sold 44,009 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the sale, the chief executive officer now directly owns 5,093,692 shares of the company’s stock, valued at approximately $302,055,935.60. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Benjamin Harrison sold 22,373 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $68.87, for a total value of $1,540,828.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 316,846 shares of company stock worth $20,158,913. Company insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Several institutional investors have recently modified their holdings of INTA. FORA Capital LLC purchased a new stake in Intapp during the 3rd quarter valued at about $566,000. Loomis Sayles & Co. L P grew its position in shares of Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after purchasing an additional 343,275 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 valued at $28,000 after purchasing an additional 527 shares during the last quarter. Barclays PLC lifted its position in Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock worth $5,108,000 after buying an additional 50,607 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Intapp in the 3rd quarter valued at $468,000. Institutional investors and hedge funds 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.