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

Intapp (NASDAQ:INTA) had its price objective hoisted by research analysts at UBS Group from $89.00 to $92.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 32.90% from the company’s current price.

A number of other analysts also recently commented on INTA. Barclays raised their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Truist Financial boosted their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Stifel Nicolaus lifted their target price on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler reissued an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.64.

Intapp Price Performance

INTA stock traded down $2.07 on Monday, reaching $69.22. 339,668 shares of the company were exchanged, compared to its average volume of 596,376. Intapp has a 12 month low of $30.36 and a 12 month high of $73.86. The stock’s fifty day moving average price is $66.25 and its 200 day moving average price is $53.12. The firm has a market capitalization of $5.36 billion, a PE ratio of -239.18 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced 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 during the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the prior year, the business earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, research analysts expect that Intapp will post -0.14 EPS for the current fiscal year.

Insider Activity at Intapp

In other news, insider David Benjamin Harrison sold 22,373 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thad Jampol sold 20,174 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $1,196,318.20. Following the transaction, the insider now directly owns 803,400 shares in the company, valued at $47,641,620. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 402,624 shares of company stock valued at $24,954,154 in the last three months. Corporate insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTA. Sei Investments Co. raised its stake in shares of Intapp by 64.6% during the second quarter. Sei Investments Co. now owns 22,808 shares of the company’s stock worth $836,000 after buying an additional 8,950 shares during the last quarter. Millennium Management LLC raised its position in shares of Intapp by 30.1% during the 2nd quarter. Millennium Management LLC now owns 357,437 shares of the company’s stock valued at $13,107,000 after acquiring an additional 82,761 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Intapp by 13.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,551 shares of the company’s stock valued at $900,000 after purchasing an additional 2,891 shares during the period. SG Americas Securities LLC bought a new position in shares of Intapp in the 3rd quarter worth $914,000. Finally, Blue Trust Inc. grew its stake in shares of Intapp by 147.0% during the third quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock worth $102,000 after purchasing an additional 1,273 shares during the period. 89.96% of the stock is owned by institutional investors.

Intapp Company Profile

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.