Raymond James Issues Positive Forecast for Intapp (NASDAQ:INTA) Stock Price

Intapp (NASDAQ:INTA) had its price target boosted by equities research analysts at Raymond James from $46.00 to $55.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 9.56% from the stock’s previous close.

A number of other brokerages have also weighed in on INTA. UBS Group lifted their price objective on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price target on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup raised their target price on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Stifel Nicolaus upped their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Piper Sandler reissued an “overweight” rating and set a $60.00 price objective (up from $46.00) on shares of Intapp in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.55.

Intapp Trading Down 0.0 %

INTA stock traded down $0.02 during trading on Tuesday, hitting $50.20. 928,316 shares of the company’s stock were exchanged, compared to its average volume of 641,138. The business has a 50-day moving average price of $47.64 and a two-hundred day moving average price of $39.79. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -110.91 and a beta of 0.64. Intapp has a 52-week low of $30.36 and a 52-week high of $54.63.

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

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $49.23, for a total transaction of $246,150.00. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares in the company, valued at $32,897,405.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $49.23, for a total value of $246,150.00. Following the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,897,405.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thad Jampol sold 31,666 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the sale, the insider now directly owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,239 shares of company stock valued at $7,360,981 over the last quarter. Company insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after buying an additional 615 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp in the 2nd quarter valued at approximately $30,000. Finally, Financial Management Professionals Inc. bought a new position in Intapp during the third quarter worth $57,000. 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.