VNET Group Reiterates “Maintains” Rating for Intapp (NASDAQ:INTA)

Intapp (NASDAQ:INTA – Get Rating)‘s stock had its “maintains” rating reiterated by stock analysts at VNET Group in a research report issued to clients and investors on Tuesday, Benzinga reports.

A number of other equities analysts also recently issued reports on INTA. Piper Sandler increased their price objective on shares of Intapp from $34.00 to $47.00 in a research note on Tuesday. Truist Financial raised their price target on shares of Intapp from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 7th. Stifel Nicolaus raised their target price on shares of Intapp from $36.00 to $47.00 in a report on Tuesday. Bank of America raised their target price on shares of Intapp from $37.00 to $50.00 in a report on Tuesday. Finally, Oppenheimer raised their price target on shares of Intapp from $35.00 to $42.00 in a research report on Tuesday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Intapp presently has an average rating of “Buy” and a consensus target price of $41.50.

Intapp Price Performance

Shares of INTA stock opened at $45.04 on Tuesday. Intapp has a 1 year low of $13.52 and a 1 year high of $47.04. The firm has a fifty day moving average price of $42.26 and a 200-day moving average price of $32.28. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -31.06 and a beta of 0.62.

Intapp (NASDAQ:INTA – Get Rating) last announced its earnings results on Monday, February 6th. The company reported ($0.29) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.29). The firm had revenue of $84.69 million for the quarter, compared to analysts’ expectations of $80.52 million. Intapp had a negative net margin of 23.98% and a negative return on equity of 24.94%. Equities research analysts expect that Intapp will post -0.99 EPS for the current year.

Insider Transactions at Intapp

In related news, insider Thad Jampol sold 10,000 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $43.70, for a total value of $437,000.00. Following the sale, the insider now directly owns 616,555 shares of the company’s stock, valued at approximately $26,943,453.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Thad Jampol sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $43.70, for a total value of $437,000.00. Following the transaction, the insider now owns 616,555 shares in the company, valued at $26,943,453.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John T. Hall sold 128,518 shares of Intapp stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $34.53, for a total transaction of $4,437,726.54. Following the sale, the chief executive officer now owns 5,006,438 shares in the company, valued at approximately $172,872,304.14. The disclosure for this sale can be found here. Insiders have sold a total of 366,417 shares of company stock valued at $14,313,867 in the last ninety days. 48.61% of the stock is currently owned by company insiders.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Intapp by 18.6% during the third quarter. Vanguard Group Inc. now owns 1,642,363 shares of the company’s stock worth $30,662,000 after acquiring an additional 257,584 shares during the last quarter. BlackRock Inc. lifted its holdings in Intapp by 9.1% in the third quarter. BlackRock Inc. now owns 901,968 shares of the company’s stock worth $16,839,000 after purchasing an additional 75,377 shares during the period. Jennison Associates LLC lifted its holdings in Intapp by 9.7% in the first quarter. Jennison Associates LLC now owns 592,434 shares of the company’s stock worth $26,565,000 after purchasing an additional 52,562 shares during the period. Federated Hermes Inc. acquired a new stake in Intapp in the 1st quarter valued at about $22,484,000. Finally, Geode Capital Management LLC lifted its holdings in Intapp by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 301,567 shares of the company’s stock valued at $7,521,000 after acquiring an additional 13,563 shares during the last quarter. Institutional investors own 80.83% of the company’s stock.

About Intapp

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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. The company's 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; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.