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

Shares of Intapp, Inc. (NASDAQ:INTA) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $47.11.

A number of equities analysts have recently commented on the stock. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. UBS Group upped their price target on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Barclays increased their price target on Intapp from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Piper Sandler reiterated an “overweight” rating and issued a $46.00 target price on shares of Intapp in a report on Wednesday, August 14th. Finally, Bank of America decreased their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

Intapp Trading Down 1.7 %

Intapp stock opened at $43.16 on Wednesday. The stock has a 50-day moving average price of $38.12 and a two-hundred day moving average price of $35.84. Intapp has a 12 month low of $30.36 and a 12 month high of $46.58. The company has a market capitalization of $3.17 billion, a PE ratio of -70.75 and a beta of 0.65.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The business had revenue of $114.38 million during the quarter, compared to analyst estimates of $111.58 million. During the same quarter last year, the business earned ($0.14) EPS. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, analysts predict that Intapp will post -0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $35.37, for a total transaction of $176,850.00. Following the transaction, the chief operating officer now directly owns 648,411 shares in the company, valued at approximately $22,934,297.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $34.92, for a total value of $523,800.00. Following the completion of the sale, the insider now directly owns 749,652 shares of the company’s stock, valued at approximately $26,177,847.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $35.37, for a total value of $176,850.00. Following the transaction, the chief operating officer now directly owns 648,411 shares in the company, valued at $22,934,297.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,000 shares of company stock worth $1,057,800. 36.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Intapp by 25.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,419 shares of the company’s stock valued at $206,000 after purchasing an additional 1,098 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Intapp by 8.5% during the fourth quarter. New York State Common Retirement Fund now owns 38,316 shares of the company’s stock valued at $1,457,000 after buying an additional 3,007 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Intapp during the fourth quarter worth about $466,000. Victory Capital Management Inc. acquired a new stake in shares of Intapp in the 4th quarter worth about $257,000. Finally, Natixis Advisors L.P. bought a new position in Intapp in the 4th quarter valued at about $439,000. Institutional investors own 89.96% of the company’s stock.

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.