Intapp, Inc. (INTA) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts are mixed: Nine firms give Intapp a consensus “Hold” rating—three buys, four holds, and two sells—with an average 12-month price target of $40.71, below the reported share price of $46.16.
• Quarterly results beat expectations: Intapp reported EPS of $0.44 versus the $0.40 consensus and revenue of $161.26 million versus estimates of $159.63 million; revenue grew 16% year over year.
• Company insiders sold a combined 152,184 shares worth about $6.4 million over the past three months, while institutional investors and hedge funds own nearly 90% of the stock.

Shares of Intapp, Inc. (NASDAQ:INTA - Get Free Report) have been given a consensus recommendation of "Hold" by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $40.71.

A number of equities research analysts have weighed in on INTA shares. UBS Group reiterated a "mixed" rating on shares of Intapp in a report on Wednesday, October 28th. Barclays increased their price target on Intapp from $29.00 to $38.00 and gave the stock an "underweight" rating in a report on Monday, October 12th. Wall Street Zen raised shares of Intapp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Zacks Research upgraded shares of Intapp from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Intapp in a research note on Wednesday, October 28th.

Intapp Stock Up 0.6%

INTA opened at $46.16 on Friday. Intapp has a twelve month low of $19.01 and a twelve month high of $48.19. The company has a fifty day moving average of $40.65 and a 200-day moving average of $30.53. The stock has a market cap of $3.54 billion, a PE ratio of -128.22, a price-to-earnings-growth ratio of 10.93 and a beta of 0.31.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $161.26 million during the quarter, compared to analyst estimates of $159.63 million. Intapp had a negative return on equity of 1.64% and a negative net margin of 4.71%. The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Sell-side analysts anticipate that Intapp will post 0.12 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, CFO David Morton, Jr. sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $40.88, for a total value of $408,800.00. Following the completion of the sale, the chief financial officer owned 120,074 shares of the company's stock, valued at approximately $4,908,625.12. This trade represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Thad Jampol sold 4,800 shares of the business's stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $40.39, for a total value of $193,872.00. Following the sale, the insider owned 928,585 shares of the company's stock, valued at approximately $37,505,548.15. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 152,184 shares of company stock worth $6,400,426 in the last three months. Insiders own 11.87% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Intapp in the second quarter worth approximately $133,660,000. Jennison Associates LLC lifted its stake in Intapp by 9.7% during the 1st quarter. Jennison Associates LLC now owns 2,008,826 shares of the company's stock valued at $51,607,000 after acquiring an additional 177,201 shares in the last quarter. Wellington Management Group LLP lifted its stake in Intapp by 5.8% during the 2nd quarter. Wellington Management Group LLP now owns 2,046,759 shares of the company's stock valued at $51,599,000 after acquiring an additional 112,735 shares in the last quarter. Bamco Inc. NY purchased a new position in Intapp during the 2nd quarter worth $50,184,000. Finally, GW&K Investment Management LLC boosted its holdings in Intapp by 2.8% during the 3rd quarter. GW&K Investment Management LLC now owns 957,170 shares of the company's stock worth $34,659,000 after acquiring an additional 26,106 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Company Profile

Intapp provides cloud-based software and artificial intelligence solutions for professional and financial services firms, including legal, accounting, consulting, investment banking and private capital businesses. Its products help organizations manage workflows, client relationships, risk and compliance, collaboration, and timekeeping. The company's offerings include DealCloud, a platform for relationship management and dealmaking, as well as tools for intake, conflicts management, information barriers, and time capture.

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