Intapp, Inc. (NASDAQ:INTA) Receives $48.44 Average Target Price from Analysts

Intapp, Inc. (NASDAQ:INTA) has earned an average rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $47.78.

A number of research firms have issued reports on INTA. Stifel Nicolaus reduced their price target on shares of Intapp from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Barclays lowered their price target on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Truist Financial lifted their price objective on Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Piper Sandler reissued an “overweight” rating and issued a $52.00 price objective on shares of Intapp in a report on Monday, February 26th. Finally, Citigroup dropped their target price on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd.

Intapp Price Performance

Shares of INTA opened at $31.00 on Thursday. The firm has a market capitalization of $2.26 billion, a PE ratio of -38.75 and a beta of 0.56. The company’s fifty day moving average price is $33.56 and its 200-day moving average price is $37.15. Intapp has a 1-year low of $30.36 and a 1-year high of $50.46.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.05. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. The business had revenue of $103.93 million for the quarter, compared to the consensus estimate of $103.17 million. As a group, research analysts anticipate that Intapp will post -0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $40.03, for a total value of $600,450.00. Following the sale, the insider now directly owns 707,650 shares of the company’s stock, valued at $28,327,229.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Intapp news, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $40.03, for a total transaction of $600,450.00. Following the completion of the transaction, the insider now directly owns 707,650 shares in the company, valued at $28,327,229.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the sale, the director now owns 29,047 shares in the company, valued at approximately $911,494.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,106,704 shares of company stock worth $258,088,735. 36.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intapp

Several institutional investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of Intapp by 5.6% in the third quarter. FMR LLC now owns 4,166,230 shares of the company’s stock valued at $139,652,000 after acquiring an additional 221,256 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Intapp by 25.1% in the 4th quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock valued at $133,585,000 after purchasing an additional 704,268 shares in the last quarter. Praesidium Investment Management Company LLC boosted its stake in Intapp by 9.4% during the 4th quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock worth $55,748,000 after purchasing an additional 125,455 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Intapp by 44.8% during the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after buying an additional 422,016 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Intapp by 12.2% during the fourth quarter. Jennison Associates LLC now owns 1,293,014 shares of the company’s stock worth $49,160,000 after buying an additional 140,697 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.