Intapp (NASDAQ:INTA) Earns Neutral Rating from Citigroup

Intapp (NASDAQ:INTA)‘s stock had its “neutral” rating restated by investment analysts at Citigroup in a report issued on Thursday,Benzinga reports. They presently have a $78.00 target price on the stock, down from their previous target price of $87.00. Citigroup’s price objective would indicate a potential upside of 16.45% from the stock’s previous close.

INTA has been the subject of several other research reports. JPMorgan Chase & Co. raised their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Barclays raised their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Raymond James reissued a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Finally, Truist Financial lifted their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.82.

Intapp Stock Performance

Shares of INTA opened at $66.98 on Thursday. Intapp has a 52 week low of $30.36 and a 52 week high of $71.34. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of -230.97 and a beta of 0.73. The stock has a fifty day moving average of $63.36 and a 200-day moving average of $50.02.

Intapp (NASDAQ:INTA) last posted its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company earned ($0.20) earnings per share. As a group, equities analysts forecast that Intapp will post -0.14 EPS for the current year.

Insider Buying and Selling

In other news, COO Donald F. Coleman sold 35,778 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $36,238,600.97. This represents a 5.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. Following the completion of the sale, the insider now owns 828,197 shares of the company’s stock, valued at approximately $51,223,984.45. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 402,624 shares of company stock valued at $24,954,154 over the last 90 days. Company insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTA. Farther Finance Advisors LLC raised its position in shares of Intapp by 1,054.0% during 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. Quest Partners LLC bought a new stake in Intapp during the 3rd quarter valued at $54,000. Financial Management Professionals Inc. bought a new position in shares of Intapp in the third quarter valued at $57,000. Wilmington Savings Fund Society FSB bought a new position in shares of Intapp in the third quarter valued at $64,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after buying an additional 519 shares during the last quarter. Institutional investors 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.