Intapp, Inc. (NASDAQ:INTA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Intapp, Inc. (NASDAQ:INTA) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $66.45.

Several research firms have recently weighed in on INTA. JPMorgan Chase & Co. lifted their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. UBS Group boosted their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial boosted their price objective 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. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Finally, Barclays boosted their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday.

Intapp Stock Performance

NASDAQ INTA opened at $72.62 on Friday. Intapp has a one year low of $30.36 and a one year high of $75.90. The company has a 50-day simple moving average of $66.96 and a 200-day simple moving average of $53.76. The firm has a market capitalization of $5.62 billion, a PE ratio of -250.41 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) 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%. Equities analysts forecast that Intapp will post -0.14 earnings per share for the current year.

Insiders Place Their Bets

In other Intapp news, Director Ralph Baxter sold 9,289 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $70.14, for a total transaction of $651,530.46. Following the completion of the transaction, the director now directly owns 9,441 shares in the company, valued at $662,191.74. The trade was a 49.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the transaction, the insider now owns 828,197 shares of the company’s stock, valued at approximately $51,223,984.45. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 316,846 shares of company stock worth $20,158,913. Corporate insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Several institutional investors have recently modified their holdings of INTA. Luxor Capital Group LP bought a new stake in shares of Intapp in the third quarter worth $47,837,000. FMR LLC grew its stake in shares of Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares during the last quarter. Loomis Sayles & Co. L P grew its stake 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 worth $71,392,000 after purchasing an additional 343,275 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after purchasing an additional 301,238 shares during the last quarter. Finally, Praesidium Investment Management Company LLC grew its stake in shares of Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after purchasing an additional 256,327 shares during the last quarter. 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.