Intapp, Inc. (NASDAQ:INTA) Receives $64.91 Average PT from Analysts

Shares of Intapp, Inc. (NASDAQ:INTA - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $64.91.

A number of analysts recently commented on INTA shares. Citigroup reiterated a "neutral" rating and issued a $78.00 target price (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. UBS Group increased their price objective on Intapp from $89.00 to $92.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Barclays decreased their target price on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Piper Sandler reissued an "overweight" rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Finally, Truist Financial reduced their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th.

Insider Activity at Intapp

In related news, CFO David H. Morton, Jr. sold 5,445 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the sale, the chief financial officer now owns 38,996 shares of the company's stock, valued at approximately $2,684,094.68. The trade was a 12.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John T. Hall sold 33,227 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 274,755 shares of company stock valued at $17,088,761. Corporate insiders own 13.02% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Raleigh Capital Management Inc. acquired a new position in Intapp during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in Intapp in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its position in Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Intapp in the fourth quarter valued at approximately $32,000. Finally, Johnson Financial Group Inc. lifted its stake in shares of Intapp by 273.8% in the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after buying an additional 605 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Price Performance

Shares of NASDAQ INTA traded down $3.02 during mid-day trading on Thursday, reaching $48.49. 611,344 shares of the company traded hands, compared to its average volume of 657,109. The firm has a market cap of $3.85 billion, a PE ratio of -167.20 and a beta of 0.82. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $77.74. The stock has a fifty day simple moving average of $60.20 and a 200-day simple moving average of $61.08.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. As a group, analysts predict that Intapp will post -0.14 EPS for the current fiscal year.

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.