Intapp, Inc. (NASDAQ:INTA) Stock Has Consensus Price Target of $37.86

Intapp, Inc. (NASDAQ:INTA) has been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $37.86.

INTA has been the topic of a number of recent research reports. UBS Group increased their target price on Intapp from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a research note on Wednesday, September 2nd. Piper Sandler increased their price objective on shares of Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Barclays increased their price objective on shares of Intapp from $25.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th.

Intapp Price Performance

NASDAQ:INTA opened at $37.59 on Friday. The firm has a market capitalization of $2.88 billion, a P/E ratio of -72.29, a PEG ratio of 13.98 and a beta of 0.34. Intapp has a one year low of $19.01 and a one year high of $47.93. The company’s 50-day simple moving average is $37.78 and its 200 day simple moving average is $28.85.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $152.53 million during the quarter, compared to analyst estimates of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. On average, equities research analysts expect that Intapp will post 0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John T. Hall sold 65,802 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $41.20, for a total value of $2,711,042.40. Following the sale, the chief executive officer owned 5,814,808 shares in the company, valued at approximately $239,570,089.60. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David H. Morton, Jr. sold 10,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $40.88, for a total transaction of $408,800.00. Following the sale, the chief financial officer owned 120,074 shares of the company’s stock, valued at approximately $4,908,625.12. This represents a 7.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 88,900 shares of company stock valued at $3,628,326. Company insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Intapp in the second quarter worth $55,000. Squarepoint Ops LLC bought a new position in Intapp in the second quarter valued at about $1,065,000. Amundi lifted its holdings in Intapp by 24.0% in the second quarter. Amundi now owns 32,292 shares of the company’s stock valued at $814,000 after acquiring an additional 6,245 shares during the period. AXQ Capital LP purchased a new position in Intapp in the second quarter worth about $205,000. Finally, Thrive Wealth Management LLC purchased a new position in Intapp in the second quarter worth about $243,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

About Intapp

Intapp, Inc develops cloud-based software designed for professional and financial services firms. Its platform helps organizations manage client and relationship data, workflows, compliance requirements, collaboration, billing, and other operational processes across the client lifecycle.

The company’s product portfolio includes solutions for deal and relationship management, professional-services time and billing, conflicts management, compliance, document management, and engagement workflows.