Raymond James Reaffirms “Market Perform” Rating for Intapp (NASDAQ:INTA)

Intapp (NASDAQ:INTA)‘s stock had its “market perform” rating reiterated by equities research analysts at Raymond James in a research note issued on Friday, MarketBeat reports.

Several other research analysts also recently weighed in on the company. Citigroup boosted their target price on Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. 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, November 5th. Truist Financial lifted their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus upped their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.64.

Intapp Stock Performance

Shares of Intapp stock opened at $63.67 on Friday. The company has a market capitalization of $4.93 billion, a PE ratio of -219.55 and a beta of 0.74. The company has a 50-day simple moving average of $61.42 and a two-hundred day simple moving average of $48.47. Intapp has a one year low of $30.36 and a one year high of $71.34.

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

Insider Transactions at Intapp

In other Intapp news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total value of $901,800.00. Following the sale, the insider now owns 772,412 shares in the company, valued at approximately $34,828,057.08. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John T. Hall sold 70,986 shares of Intapp stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the transaction, the chief executive officer now directly owns 5,026,096 shares of the company’s stock, valued at approximately $345,946,187.68. This trade represents a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 409,624 shares of company stock worth $24,909,164 over the last quarter. 13.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intapp

Several hedge funds have recently modified their holdings of INTA. Farther Finance Advisors LLC raised its holdings in Intapp by 1,054.0% in the 3rd 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 purchased a new stake in shares of Intapp in the third quarter valued at approximately $54,000. Financial Management Professionals Inc. acquired a new position in shares of Intapp during the 3rd quarter worth approximately $57,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp during the 3rd quarter worth approximately $64,000. Finally, Advisors Asset Management Inc. grew its stake in Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after acquiring an additional 519 shares during the period. 89.96% of the stock is owned by hedge funds and other 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.