Intapp (NASDAQ:INTA) Given “Buy” Rating at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Intapp (NASDAQ:INTA) in a report issued on Tuesday,Benzinga reports. Truist Financial currently has a $55.00 price target on the stock, up from their prior price target of $47.00.

Several other equities analysts also recently weighed in on the company. UBS Group raised their price target on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Barclays raised their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday. Bank of America dropped their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus raised their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective (up from $46.00) on shares of Intapp in a research report on Tuesday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.55.

Intapp Price Performance

NASDAQ:INTA opened at $59.64 on Tuesday. The firm has a market capitalization of $4.59 billion, a P/E ratio of -205.66 and a beta of 0.64. Intapp has a one year low of $30.36 and a one year high of $59.92. The company’s 50-day simple moving average is $48.29 and its 200 day simple moving average is $40.19.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.15% and a negative net margin of 4.74%. The firm had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same period in the previous year, the firm posted ($0.20) EPS. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities research analysts expect that Intapp will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In related news, COO Donald F. Coleman sold 35,778 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the completion of the sale, the chief operating officer now owns 668,239 shares in the company, valued at approximately $36,238,600.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Donald F. Coleman sold 35,778 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $54.23, for a total value of $1,940,240.94. Following the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $36,238,600.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thad Jampol sold 31,666 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the sale, the insider now owns 772,412 shares of the company’s stock, valued at $37,917,705.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 187,017 shares of company stock worth $9,301,222 in the last ninety days. Insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares during the period. Clearbridge Investments LLC purchased a new position in shares of Intapp during the 1st quarter valued at about $16,156,000. Jane Street Group LLC grew its stake in shares of Intapp by 766.2% during the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after acquiring an additional 147,240 shares during the period. Swiss National Bank increased its holdings in Intapp by 58.1% in the 1st quarter. Swiss National Bank now owns 86,500 shares of the company’s stock worth $2,967,000 after acquiring an additional 31,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Intapp by 18.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after acquiring an additional 106,668 shares during the period. 89.96% of the stock is owned by institutional investors.

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.