Intapp, Inc. (NASDAQ:INTA) Receives Average Recommendation of “Buy” from Analysts

Intapp, Inc. (NASDAQ:INTA) has received an average rating of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.64.

A number of equities analysts have recently weighed in on INTA shares. Barclays began coverage on Intapp in a research note on Wednesday, September 6th. They issued an “overweight” rating and a $43.00 price objective for the company. UBS Group started coverage on shares of Intapp in a report on Tuesday. They set a “buy” rating and a $45.00 price objective for the company. Piper Sandler lowered their target price on shares of Intapp from $49.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, September 8th. Finally, Oppenheimer cut their target price on shares of Intapp from $54.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, September 7th.

Insider Transactions at Intapp

In related news, CMO Scott Fitzgerald sold 4,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $33.40, for a total value of $133,600.00. Following the completion of the transaction, the chief marketing officer now owns 26,701 shares of the company’s stock, valued at approximately $891,813.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO John T. Hall sold 69,074 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $35.07, for a total value of $2,422,425.18. Following the completion of the sale, the chief executive officer now directly owns 4,472,336 shares in the company, valued at $156,844,823.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Scott Fitzgerald sold 4,000 shares of Intapp stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $33.40, for a total transaction of $133,600.00. Following the transaction, the chief marketing officer now directly owns 26,701 shares of the company’s stock, valued at $891,813.40. The disclosure for this sale can be found here. Insiders have sold a total of 195,216 shares of company stock worth $6,817,558 in the last three months. Insiders own 36.56% of the company’s stock.

Institutional Investors Weigh In On Intapp

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Intapp by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 111,811 shares of the company’s stock worth $5,014,000 after purchasing an additional 316 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Intapp by 100.5% in the first quarter. Tower Research Capital LLC TRC now owns 764 shares of the company’s stock worth $34,000 after buying an additional 383 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Intapp by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,168 shares of the company’s stock worth $300,000 after acquiring an additional 479 shares during the last quarter. American International Group Inc. boosted its holdings in Intapp by 7.0% during the 2nd quarter. American International Group Inc. now owns 7,528 shares of the company’s stock valued at $315,000 after acquiring an additional 490 shares during the period. Finally, Keybank National Association OH grew its position in Intapp by 7.1% in the 3rd quarter. Keybank National Association OH now owns 8,257 shares of the company’s stock valued at $277,000 after acquiring an additional 544 shares during the last quarter.

Intapp Trading Up 11.1 %

Shares of NASDAQ:INTA opened at $39.09 on Thursday. Intapp has a 12-month low of $20.57 and a 12-month high of $50.46. The company has a market cap of $2.71 billion, a PE ratio of -36.19 and a beta of 0.61. The stock has a 50 day moving average of $34.88 and a 200 day moving average of $38.40.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Wednesday, September 6th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $94.62 million during the quarter, compared to analyst estimates of $93.14 million. Intapp had a negative net margin of 19.79% and a negative return on equity of 19.62%. The company’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.29) earnings per share. Equities research analysts predict that Intapp will post -0.74 earnings per share for the current fiscal year.

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.