Truist Financial Increases Intapp (NASDAQ:INTA) Price Target to $47.00

Intapp (NASDAQ:INTAGet Free Report) had its price target raised by research analysts at Truist Financial from $46.00 to $47.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 15.91% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on INTA. Citigroup started coverage on Intapp in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $57.00 price target on the stock. UBS Group initiated coverage on Intapp in a report on Tuesday, November 7th. They issued a “buy” rating and a $45.00 target price on the stock. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Intapp presently has an average rating of “Buy” and an average price target of $48.67.

View Our Latest Analysis on INTA

Intapp Stock Up 2.5 %

INTA stock opened at $40.55 on Wednesday. The firm has a market capitalization of $2.82 billion, a PE ratio of -50.69 and a beta of 0.63. The stock has a 50-day simple moving average of $40.04 and a two-hundred day simple moving average of $37.32. Intapp has a twelve month low of $30.58 and a twelve month high of $50.46.

Intapp (NASDAQ:INTAGet Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.01). Intapp had a negative net margin of 13.81% and a negative return on equity of 13.54%. The company had revenue of $101.58 million during the quarter, compared to the consensus estimate of $96.82 million. On average, equities research analysts anticipate that Intapp will post -0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $44.11, for a total transaction of $220,550.00. Following the completion of the transaction, the chief operating officer now directly owns 612,011 shares of the company’s stock, valued at $26,995,805.21. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CMO Scott Fitzgerald sold 8,119 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.02, for a total value of $365,517.38. Following the transaction, the chief marketing officer now directly owns 29,568 shares of the company’s stock, valued at approximately $1,331,151.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $44.11, for a total transaction of $220,550.00. Following the transaction, the chief operating officer now directly owns 612,011 shares in the company, valued at $26,995,805.21. The disclosure for this sale can be found here. Insiders have sold 2,746,660 shares of company stock worth $107,553,850 over the last ninety days. Corporate insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

Institutional investors have recently modified their holdings of the company. Ellsworth Advisors LLC raised its holdings in Intapp by 3.0% in the fourth quarter. Ellsworth Advisors LLC now owns 8,821 shares of the company’s stock valued at $335,000 after acquiring an additional 255 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Intapp by 0.3% during the first 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% during the first quarter. Tower Research Capital LLC TRC now owns 764 shares of the company’s stock worth $34,000 after purchasing an additional 383 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Intapp by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 7,168 shares of the company’s stock worth $300,000 after purchasing an additional 479 shares during the period. Finally, American International Group Inc. raised its holdings in shares of Intapp by 7.0% during the second quarter. American International Group Inc. now owns 7,528 shares of the company’s stock worth $315,000 after purchasing an additional 490 shares during the period.

Intapp Company Profile

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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. 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.

Further Reading

Analyst Recommendations for Intapp (NASDAQ:INTA)

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