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

Shares of Intapp, Inc. (NASDAQ:INTA) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $50.00.

A number of equities analysts have recently issued reports on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. UBS Group increased their price target on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Bank of America dropped their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price objective on shares of Intapp in a research report on Wednesday, August 14th. Finally, Stifel Nicolaus boosted their target price on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd.

Intapp Trading Down 0.0 %

Shares of NASDAQ:INTA opened at $47.06 on Friday. The company has a market capitalization of $3.46 billion, a PE ratio of -77.15 and a beta of 0.65. Intapp has a 12-month low of $30.36 and a 12-month high of $51.80. The business’s fifty day simple moving average is $42.71 and its 200-day simple moving average is $37.33.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The business had revenue of $114.38 million during the quarter, compared to the consensus estimate of $111.58 million. During the same period in the previous year, the company posted ($0.14) earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis. Research analysts predict that Intapp will post -0.15 EPS for the current year.

Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 1,252 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the sale, the insider now owns 152,702 shares in the company, valued at $7,635,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Intapp news, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $34.92, for a total value of $523,800.00. Following the completion of the transaction, the insider now directly owns 749,652 shares of the company’s stock, valued at approximately $26,177,847.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michele Murgel sold 1,252 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,600.00. Following the sale, the insider now directly owns 152,702 shares in the company, valued at $7,635,100. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,239 shares of company stock worth $6,674,331. Company insiders own 36.56% of the company’s stock.

Institutional Trading of Intapp

Hedge funds have recently added to or reduced their stakes in the company. J.Safra Asset Management Corp raised its position in shares of Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares during the period. Advisors Asset Management Inc. raised its holdings in Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the period. Blue Trust Inc. acquired a new position in Intapp in the 2nd quarter worth about $30,000. Comerica Bank boosted its position in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after purchasing an additional 815 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.