Intapp, Inc. (NASDAQ:INTA) Receives $66.89 Average Price Target from Analysts

Intapp, Inc. (NASDAQ:INTA - Get Free Report) has received an average rating of "Moderate Buy" from the ten research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $66.89.

Several brokerages recently weighed in on INTA. UBS Group dropped their target price on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Piper Sandler reduced their price objective on Intapp from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Truist Financial cut their price target on shares of Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Barclays decreased their price target on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th.

Insiders Place Their Bets

In related news, CEO John T. Hall sold 33,227 shares of the company'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 sale, the chief executive officer now directly owns 5,258,576 shares of the company's stock, valued at $361,947,786.08. This represents a 0.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thad Jampol sold 5,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $56.65, for a total transaction of $283,250.00. Following the sale, the insider now directly owns 857,250 shares in the company, valued at approximately $48,563,212.50. The trade was a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,755 shares of company stock valued at $17,372,011 over the last 90 days. 13.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. acquired a new position in shares of Intapp during the fourth quarter worth $291,000. Venturi Wealth Management LLC acquired a new position in shares of Intapp during the fourth quarter worth $305,000. Charles Schwab Investment Management Inc. grew its stake in shares of Intapp by 17.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock worth $28,755,000 after purchasing an additional 67,694 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Intapp by 79.4% during the 4th quarter. Wells Fargo & Company MN now owns 30,607 shares of the company's stock worth $1,962,000 after acquiring an additional 13,543 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Intapp by 90.1% during the 3rd quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after acquiring an additional 50,607 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Performance

INTA traded up $0.15 on Monday, hitting $56.76. The company had a trading volume of 788,555 shares, compared to its average volume of 644,078. The stock has a fifty day moving average price of $56.12 and a 200-day moving average price of $61.69. Intapp has a 12-month low of $31.08 and a 12-month high of $77.74. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of -195.72 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The company had revenue of $129.07 million during the quarter, compared to analysts' expectations of $128.84 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. Intapp's revenue for the quarter was up 16.7% compared to the same quarter last year. Analysts forecast 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.