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

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

INTA has been the topic of a number of recent research reports. Truist Financial reduced their price objective on shares of Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays cut their price target on Intapp from $68.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus reduced their price target on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. UBS Group decreased their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised Intapp from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 30th.

Intapp Stock Up 0.1%

Shares of INTA opened at $56.59 on Friday. The stock's fifty day simple moving average is $54.71 and its 200-day simple moving average is $61.79. The firm has a market capitalization of $4.58 billion, a PE ratio of -195.13 and a beta of 0.81. Intapp has a 12-month low of $31.08 and a 12-month high of $77.74.

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

Insiders Place Their Bets

In other news, insider Michele Murgel sold 23,404 shares of Intapp stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $60.13, for a total transaction of $1,407,282.52. Following the transaction, the insider now owns 185,220 shares in the company, valued at $11,137,278.60. The trade was a 11.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John T. Hall sold 8,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $457,200.00. Following the completion of the transaction, the chief executive officer now owns 5,236,895 shares of the company's stock, valued at $299,288,549.25. This represents a 0.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 243,207 shares of company stock worth $14,076,429. Corporate insiders own 13.02% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INTA. Global Retirement Partners LLC bought a new stake in Intapp in the 4th quarter valued at $25,000. Farther Finance Advisors LLC increased its holdings in Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after purchasing an additional 224 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Intapp in the 4th quarter valued at about $32,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Intapp in the 1st quarter valued at about $36,000. Finally, Quarry LP lifted its holdings in shares of Intapp by 1,155.4% in the first quarter. Quarry LP now owns 703 shares of the company's stock valued at $41,000 after purchasing an additional 647 shares in the last quarter. 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.

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