Brokerages Set Intapp, Inc. (NASDAQ:INTA) Target Price at $48.44

Intapp, Inc. (NASDAQ:INTA) has been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $47.78.

Several equities analysts have commented on the company. Oppenheimer cut their price target on Intapp from $50.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Stifel Nicolaus decreased their price target on shares of Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Citigroup dropped their price objective on shares of Intapp from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Truist Financial raised their price target on shares of Intapp from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $52.00 price objective on shares of Intapp in a research note on Monday, February 26th.

Intapp Price Performance

NASDAQ:INTA opened at $32.23 on Thursday. Intapp has a one year low of $30.36 and a one year high of $50.46. The company has a fifty day moving average price of $33.56 and a 200 day moving average price of $37.17. The stock has a market cap of $2.35 billion, a P/E ratio of -40.29 and a beta of 0.56.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. The business had revenue of $103.93 million during the quarter, compared to analyst estimates of $103.17 million. As a group, equities research analysts anticipate that Intapp will post -0.53 EPS for the current year.

Insider Transactions at Intapp

In other Intapp news, insider Thad Jampol sold 15,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $40.03, for a total transaction of $600,450.00. Following the sale, the insider now owns 707,650 shares of the company’s stock, valued at approximately $28,327,229.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Intapp news, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $40.03, for a total transaction of $600,450.00. Following the transaction, the insider now owns 707,650 shares of the company’s stock, valued at approximately $28,327,229.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michele Murgel sold 4,860 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total value of $195,712.20. Following the sale, the insider now owns 133,646 shares of the company’s stock, valued at approximately $5,381,924.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,106,704 shares of company stock worth $258,088,735. Insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INTA. FMR LLC grew its position in shares of Intapp by 5.6% during the 3rd quarter. FMR LLC now owns 4,166,230 shares of the company’s stock worth $139,652,000 after buying an additional 221,256 shares during the period. Vanguard Group Inc. grew its holdings in Intapp by 25.1% during the 4th quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock worth $133,585,000 after acquiring an additional 704,268 shares during the period. Praesidium Investment Management Company LLC lifted its stake in shares of Intapp by 9.4% in the 4th quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock valued at $55,748,000 after purchasing an additional 125,455 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Intapp by 44.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after purchasing an additional 422,016 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Intapp by 12.2% during the fourth quarter. Jennison Associates LLC now owns 1,293,014 shares of the company’s stock worth $49,160,000 after purchasing an additional 140,697 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.