Intapp, Inc. (NASDAQ:INTA) Receives Average Recommendation of "Moderate Buy" from Brokerages

Intapp, Inc. (NASDAQ:INTA - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $65.22.

INTA has been the topic of several research reports. UBS Group lowered 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. Citigroup reaffirmed a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Barclays cut their target price on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research report on Tuesday, June 24th. Finally, Stifel Nicolaus dropped their price target on shares of Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th.

Intapp Stock Performance

Shares of INTA opened at $51.62 on Tuesday. The firm has a market capitalization of $4.18 billion, a P/E ratio of -215.08 and a beta of 0.81. Intapp has a 52 week low of $31.08 and a 52 week high of $77.74. The stock has a 50 day moving average price of $54.95 and a two-hundred day moving average price of $60.59.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. Intapp had a negative return on equity of 1.19% and a negative net margin of 3.78%. The company had revenue of $129.07 million for the quarter, compared to analysts' expectations of $128.84 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Intapp's quarterly revenue was up 16.7% on a year-over-year basis. On average, equities analysts forecast that Intapp will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 5,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total value of $283,250.00. Following the completion of the transaction, the insider directly owned 857,250 shares of the company's stock, valued at $48,563,212.50. This trade represents a 0.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David H. Morton, Jr. sold 10,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $55.02, for a total transaction of $550,200.00. Following the completion of the transaction, the chief financial officer directly owned 32,739 shares in the company, valued at approximately $1,801,299.78. The trade was a 23.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,841 shares of company stock worth $10,951,226 in the last ninety days. Insiders own 13.02% of the company's stock.

Institutional Trading of Intapp

A number of large investors have recently modified their holdings of the business. Global Retirement Partners LLC bought a new position in shares of Intapp in the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC increased its holdings in shares of Intapp by 74.2% in the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after buying an additional 224 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Intapp during the 4th quarter valued at $32,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Intapp during the 1st quarter worth $36,000. Finally, Quarry LP grew its position in Intapp by 1,155.4% in the first quarter. Quarry LP now owns 703 shares of the company's stock worth $41,000 after acquiring an additional 647 shares in the last quarter. Institutional investors 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.

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