Piper Sandler Reaffirms “Overweight” Rating for Intapp (NASDAQ:INTA)

Intapp (NASDAQ:INTA)‘s stock had its “overweight” rating reissued by stock analysts at Piper Sandler in a research note issued on Tuesday, Benzinga reports. They presently have a $60.00 price objective on the stock, up from their prior price objective of $46.00. Piper Sandler’s target price would suggest a potential upside of 11.57% from the stock’s current price.

INTA has been the subject of a number of other research reports. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Bank of America cut their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus boosted their price target on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. UBS Group upped their price objective on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Citigroup upped their price objective on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Intapp Stock Up 7.1 %

NASDAQ:INTA traded up $3.56 during mid-day trading on Tuesday, reaching $53.78. 157,295 shares of the stock were exchanged, compared to its average volume of 637,286. The company has a 50 day simple moving average of $47.64 and a 200-day simple moving average of $39.79. The stock has a market capitalization of $4.14 billion, a P/E ratio of -117.71 and a beta of 0.64. Intapp has a 1 year low of $30.36 and a 1 year high of $54.68.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The company’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted ($0.20) EPS. As a group, research analysts predict that Intapp will post -0.15 EPS for the current year.

Insider Buying and Selling

In related news, COO Donald F. Coleman sold 58,003 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Intapp news, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction on Friday, September 20th. The stock was sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,950,865.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Donald F. Coleman sold 30,318 shares of Intapp stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $49.43, for a total value of $1,498,618.74. Following the completion of the transaction, the chief operating officer now owns 668,239 shares in the company, valued at $33,031,053.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,239 shares of company stock valued at $7,360,981. Insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the period. J.Safra Asset Management Corp increased its stake in shares of Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after purchasing an additional 615 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the period. Blue Trust Inc. bought a new position in Intapp during the second quarter valued at about $30,000. Finally, Financial Management Professionals Inc. bought a new position in Intapp during the third quarter valued at about $57,000. 89.96% of the stock is currently owned by 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.