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

Intapp, Inc. (NASDAQ:INTA) has received an average rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $48.44.

A number of analysts recently weighed in on INTA shares. Barclays dropped their price objective 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. Stifel Nicolaus cut their price target on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Citigroup reduced their price objective on Intapp from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Piper Sandler restated an “overweight” rating and issued a $52.00 target price on shares of Intapp in a research report on Monday, February 26th. Finally, Truist Financial boosted their price target on Intapp from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th.

Intapp Stock Performance

Shares of NASDAQ:INTA opened at $31.15 on Thursday. The company’s fifty day moving average is $34.16 and its two-hundred day moving average is $37.27. Intapp has a 1-year low of $30.36 and a 1-year high of $50.46. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -38.94 and a beta of 0.51.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. The firm had revenue of $103.93 million for the quarter, compared to analyst estimates of $103.17 million. Sell-side analysts expect that Intapp will post -0.53 EPS for the current fiscal year.

Insider Activity

In other news, Director George R. Neble sold 1,500 shares of the firm’s 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 transaction, the director now owns 29,047 shares in the company, valued at approximately $911,494.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Michele Murgel sold 4,860 shares of Intapp stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total value of $195,712.20. Following the transaction, the insider now directly owns 133,646 shares in the company, valued at approximately $5,381,924.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George R. Neble sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the sale, the director now directly owns 29,047 shares in the company, valued at $911,494.86. The disclosure for this sale can be found here. Insiders sold a total of 7,111,704 shares of company stock worth $258,309,285 over the last 90 days. 36.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intapp

A number of hedge funds and other institutional investors have recently modified their holdings of INTA. Assetmark Inc. lifted its stake in Intapp by 164.6% during the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after buying an additional 815 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Intapp in the 3rd quarter valued at approximately $52,000. Allspring Global Investments Holdings LLC boosted its stake in Intapp by 152.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,998 shares of the company’s stock worth $67,000 after purchasing an additional 1,205 shares during the period. PNC Financial Services Group Inc. grew its position in Intapp by 81,400.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after purchasing an additional 2,442 shares in the last quarter. Finally, Amalgamated Bank raised its stake in Intapp by 30.5% during the 3rd quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after purchasing an additional 708 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Intapp

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.