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

Shares of Intapp, Inc. (NASDAQ:INTA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $66.89.

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

Intapp Stock Up 2.2%

Shares of INTA traded up $1.27 during midday trading on Monday, reaching $58.20. 239,769 shares of the stock were exchanged, compared to its average volume of 642,347. Intapp has a 12-month low of $31.08 and a 12-month high of $77.74. The firm has a 50 day simple moving average of $56.03 and a 200-day simple moving average of $61.70. The company has a market cap of $4.71 billion, a price-to-earnings ratio of -200.75 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The company had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. During the same period last year, the business earned $0.14 EPS. The business's quarterly revenue was up 16.7% on a year-over-year basis. Research analysts expect that Intapp will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, CFO David H. Morton, Jr. sold 5,445 shares of the stock in a transaction dated 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 directly owns 38,996 shares in the company, valued at $2,684,094.68. This represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Donald F. Coleman sold 12,601 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $867,326.83. Following the completion of the sale, the chief operating officer now owns 438,721 shares of the company's stock, valued at $30,197,166.43. This trade represents a 2.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 279,755 shares of company stock worth $17,372,011 over the last ninety days. 13.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. acquired a new stake in Intapp in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new stake in Intapp in the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC raised its position in Intapp by 74.2% in the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after buying an additional 224 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Intapp in the 4th quarter valued at approximately $32,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Intapp in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.96% of the company's stock.

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.