Intapp (NASDAQ:INTA) Stock Price Expected to Rise, Barclays Analyst Says

Intapp (NASDAQ:INTA) had its price objective raised by Barclays from $63.00 to $68.00 in a report published on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

INTA has been the subject of a number of other research reports. Stifel Nicolaus lifted their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group lifted their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Intapp has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Price Performance

Shares of Intapp stock opened at $71.65 on Wednesday. The firm has a market cap of $5.54 billion, a P/E ratio of -247.07 and a beta of 0.74. The firm has a 50 day simple moving average of $67.36 and a 200 day simple moving average of $54.13. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $75.90.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. On average, sell-side analysts expect that Intapp will post -0.14 EPS for the current year.

Insider Activity at Intapp

In related news, CMO Scott Fitzgerald sold 5,221 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $309,605.30. Following the sale, the chief marketing officer now directly owns 46,552 shares of the company’s stock, valued at approximately $2,760,533.60. The trade was a 10.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John T. Hall sold 70,986 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the sale, the chief executive officer now directly owns 5,026,096 shares in the company, valued at $345,946,187.68. This trade represents a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 316,846 shares of company stock valued at $20,158,913. 13.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intapp

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTA. The Manufacturers Life Insurance Company lifted its position in Intapp by 13.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,551 shares of the company’s stock worth $900,000 after buying an additional 2,891 shares in the last quarter. SG Americas Securities LLC bought a new stake in Intapp during the 3rd quarter worth about $914,000. Blue Trust Inc. lifted its position in Intapp by 147.0% during the 3rd quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock worth $102,000 after buying an additional 1,273 shares in the last quarter. Raymond James & Associates lifted its position in Intapp by 114.1% during the 3rd quarter. Raymond James & Associates now owns 59,624 shares of the company’s stock worth $2,852,000 after buying an additional 31,778 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in Intapp during the 3rd quarter worth about $57,000. 89.96% of the stock is owned by institutional investors.

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.