Intapp, Inc. (NASDAQ:INTA) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Intapp, Inc. has received a consensus recommendation of "Hold" from nine analysts, with one sell, three hold, and five buy ratings.
• The average 12-month target price for Intapp stock among analysts is $60.11, with varying price targets from different brokerages.
• Insider transactions have occurred recently, including CFO David H. Morton, Jr. selling 10,000 shares, reducing his position by 23.40%.

Shares of Intapp, Inc. (NASDAQ:INTA - Get Free Report) have earned a consensus rating of "Hold" from the nine analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $60.11.

Several research analysts recently weighed in on the stock. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price objective on the stock in a research report on Tuesday, June 24th. UBS Group decreased their price target on shares of Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Truist Financial dropped their price objective 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. Wall Street Zen lowered shares of Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, Stifel Nicolaus lowered their price target on Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th.

Insider Buying and Selling at Intapp

In related news, CFO David H. Morton, Jr. sold 10,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 32,739 shares in the company, valued at $1,801,299.78. This trade represents a 23.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thad Jampol sold 5,000 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 857,250 shares of the company's stock, valued at $48,563,212.50. The trade was a 0.58% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,913 shares of company stock valued at $4,257,984. 13.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in shares of Intapp by 27.0% in the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after buying an additional 213 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after acquiring an additional 224 shares during the period. Hsbc Holdings PLC boosted its holdings in Intapp by 3.5% in the first quarter. Hsbc Holdings PLC now owns 8,001 shares of the company's stock valued at $465,000 after acquiring an additional 272 shares in the last quarter. REAP Financial Group LLC boosted its holdings in Intapp by 218.5% in the second quarter. REAP Financial Group LLC now owns 481 shares of the company's stock valued at $25,000 after acquiring an additional 330 shares in the last quarter. Finally, Diversified Trust Co increased its position in Intapp by 5.5% during the 2nd quarter. Diversified Trust Co now owns 7,798 shares of the company's stock valued at $403,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Trading Up 0.3%

Shares of NASDAQ:INTA opened at $41.64 on Friday. The company has a 50 day moving average of $51.02 and a 200 day moving average of $58.00. The stock has a market cap of $3.37 billion, a P/E ratio of -173.50, a P/E/G ratio of 7.73 and a beta of 0.76. Intapp has a 12 month low of $31.08 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly 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 3.78% and a negative return on equity of 1.19%. The firm had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same period in the previous year, the business earned $0.14 EPS. The business's revenue for the quarter 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 fiscal year.

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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