Citigroup Boosts Intapp (NASDAQ:INTA) Price Target to $63.00

Intapp (NASDAQ:INTA) had its target price raised by Citigroup from $52.00 to $63.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on INTA. Stifel Nicolaus upped their price target on Intapp from $45.00 to $60.00 and gave the stock a buy rating in a research report on Monday, September 23rd. Oppenheimer reissued a market perform rating on shares of Intapp in a research report on Monday, July 8th. Piper Sandler reissued an overweight rating and issued a $46.00 target price on shares of Intapp in a research report on Wednesday, August 14th. Barclays upped their target price on Intapp from $42.00 to $44.00 and gave the company an overweight rating in a research report on Wednesday, August 14th. Finally, UBS Group upped their target price on Intapp from $49.00 to $50.00 and gave the company a buy rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $50.00.

Intapp Stock Down 1.2 %

Intapp stock opened at $47.54 on Wednesday. The business has a fifty day moving average of $41.60 and a two-hundred day moving average of $36.85. The firm has a market cap of $3.49 billion, a P/E ratio of -77.93 and a beta of 0.65. Intapp has a twelve month low of $30.36 and a twelve month high of $51.80.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $114.38 million for the quarter, compared to the consensus estimate of $111.58 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.14) earnings per share. Equities analysts expect that Intapp will post -0.15 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $34.92, for a total value of $523,800.00. Following the sale, the insider now directly owns 749,652 shares of the company’s stock, valued at $26,177,847.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Intapp news, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $34.92, for a total value of $523,800.00. Following the sale, the insider now directly owns 749,652 shares of the company’s stock, valued at $26,177,847.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $34.94, for a total transaction of $174,700.00. Following the completion of the sale, the chief operating officer now directly owns 648,411 shares in the company, valued at $22,655,480.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,239 shares of company stock valued at $6,856,781. 36.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Intapp

Several hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 581 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after buying an additional 615 shares in the last quarter. Federated Hermes Inc. lifted its stake in Intapp by 9.8% in the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after buying an additional 694 shares in the last quarter. Assetmark Inc. lifted its stake in Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after buying an additional 815 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Intapp by 52.0% in the 1st quarter. Covestor Ltd now owns 2,395 shares of the company’s stock valued at $82,000 after buying an additional 819 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.