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

Shares of Intapp, Inc. (NASDAQ:INTA) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $64.91.

Several equities research analysts recently weighed in on INTA shares. Citigroup reiterated a “neutral” rating and set a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. UBS Group raised their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Piper Sandler restated an “overweight” rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Truist Financial reduced their target price on shares of Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Raymond James reaffirmed a “market perform” rating on shares of Intapp in a report on Friday, January 3rd.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 857,250 shares in the company, valued at $48,991,837.50. This trade represents a 2.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michele Murgel sold 7,531 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $518,358.73. Following the sale, the insider now owns 223,945 shares in the company, valued at $15,414,134.35. This represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,755 shares of company stock worth $17,088,761. Corporate insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Intapp by 143.0% during the first quarter. SG Americas Securities LLC now owns 6,017 shares of the company’s stock valued at $351,000 after buying an additional 3,541 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after purchasing an additional 224 shares in the last quarter. MRA Advisory Group purchased a new position in Intapp during the first quarter valued at approximately $523,000. Rhumbline Advisers lifted its position in Intapp by 7.2% in the 1st quarter. Rhumbline Advisers now owns 78,398 shares of the company’s stock worth $4,577,000 after buying an additional 5,257 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Intapp by 9,950.6% during the 1st quarter. GAMMA Investing LLC now owns 17,689 shares of the company’s stock valued at $10,330,000 after buying an additional 17,513 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Price Performance

NASDAQ:INTA opened at $51.25 on Thursday. Intapp has a 1-year low of $30.36 and a 1-year high of $77.74. The stock has a market cap of $4.07 billion, a P/E ratio of -176.72 and a beta of 0.82. The firm has a 50-day moving average of $61.42 and a two-hundred day moving average of $60.84.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, equities analysts expect that Intapp will post -0.14 earnings per share for the current 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.