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

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

A number of research analysts have recently commented on the company. UBS Group lowered their price target on Intapp from $92.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Citigroup reissued a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Wall Street Zen raised Intapp from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Truist Financial lowered their price target on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Stifel Nicolaus lowered their price target on Intapp from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th.

Intapp Stock Up 0.1%

INTA stock traded up $0.07 during mid-day trading on Friday, reaching $58.30. The company had a trading volume of 541,363 shares, compared to its average volume of 628,321. The stock has a market capitalization of $4.72 billion, a P/E ratio of -201.03 and a beta of 0.81. Intapp has a one year low of $31.08 and a one year high of $77.74. The stock's 50-day simple moving average is $54.66 and its two-hundred day simple moving average is $61.82.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The company had revenue of $129.07 million for 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 firm's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. On average, research analysts forecast that Intapp will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 directly owns 185,220 shares of the company's stock, valued at $11,137,278.60. The trade was a 11.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John T. Hall sold 8,000 shares of Intapp stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $55.28, for a total value of $442,240.00. Following the transaction, the chief executive officer now directly owns 5,445,335 shares in the company, valued at approximately $301,018,118.80. The trade was a 0.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 215,207 shares of company stock valued at $12,476,229 over the last three months. Company insiders own 13.02% of the company's stock.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently bought and sold shares of INTA. Invesco Ltd. increased its stake in Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company's stock worth $126,931,000 after purchasing an additional 1,950,526 shares in the last quarter. Vanguard Group Inc. increased its stake in Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company's stock worth $408,139,000 after purchasing an additional 672,832 shares in the last quarter. Nuveen LLC purchased a new position in Intapp in the 1st quarter worth about $35,117,000. Arrowstreet Capital Limited Partnership increased its stake in Intapp by 408.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company's stock worth $46,209,000 after purchasing an additional 579,075 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Intapp in the 4th quarter worth about $30,563,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

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.