Intapp, Inc. (NASDAQ:INTA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Intapp, Inc. (NASDAQ:INTA) have received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $66.89.

Several research firms have recently weighed in on INTA. Piper Sandler decreased their price target on Intapp from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th. Citigroup reissued a “neutral” rating on shares of Intapp in a research report on Monday, April 21st. Barclays dropped their price target on shares of Intapp from $68.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Truist Financial decreased their price objective on shares of Intapp from $80.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, UBS Group dropped their target price on shares of Intapp from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th.

Intapp Stock Performance

NASDAQ:INTA opened at $58.28 on Monday. The firm has a market cap of $4.72 billion, a P/E ratio of -200.96 and a beta of 0.84. Intapp has a fifty-two week low of $31.08 and a fifty-two week high of $77.74. The firm has a 50-day simple moving average of $56.01 and a two-hundred day simple moving average of $61.91.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $129.07 million during the quarter, compared to the consensus estimate of $128.84 million. Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. On average, equities research analysts predict that Intapp will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 5,000 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $56.65, for a total value of $283,250.00. Following the completion of the sale, the insider now directly owns 857,250 shares in the company, valued at $48,563,212.50. This represents a 0.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John T. Hall sold 33,227 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares in the company, valued at approximately $361,947,786.08. This represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,755 shares of company stock worth $17,372,011. Company insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in Intapp in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of Intapp in the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Intapp during the 4th quarter valued at $32,000. Farther Finance Advisors LLC lifted its stake in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock valued at $31,000 after buying an additional 224 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Intapp in the 1st quarter worth $36,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.