Intapp (NASDAQ:INTA) Price Target Raised to $89.00 at UBS Group

Intapp (NASDAQ:INTA) had its price target hoisted by UBS Group from $84.00 to $89.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 28.15% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Truist Financial boosted their target price on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays increased their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Raymond James reiterated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.36.

Intapp Stock Up 0.4 %

Shares of INTA stock traded up $0.25 during mid-day trading on Monday, reaching $69.45. The stock had a trading volume of 222,342 shares, compared to its average volume of 560,033. The firm has a market cap of $5.37 billion, a PE ratio of -239.48 and a beta of 0.73. Intapp has a one year low of $30.36 and a one year high of $72.82. The firm’s 50 day simple moving average is $64.98 and its 200 day simple moving average is $51.87.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $118.81 million for 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%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.20) EPS. Sell-side analysts forecast that Intapp will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other Intapp news, CMO Scott Fitzgerald sold 3,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $63.53, for a total value of $190,590.00. Following the transaction, the chief marketing officer now directly owns 42,212 shares in the company, valued at $2,681,728.36. The trade was a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the sale, the insider now directly owns 828,197 shares of the company’s stock, valued at $51,223,984.45. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 402,624 shares of company stock worth $24,954,154 over the last quarter. 13.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Intapp by 18.4% during the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after purchasing an additional 106,668 shares during the period. Hsbc Holdings PLC bought a new position in shares of Intapp in the second quarter worth $763,000. Sei Investments Co. raised its stake in Intapp by 64.6% in the second quarter. Sei Investments Co. now owns 22,808 shares of the company’s stock valued at $836,000 after purchasing an additional 8,950 shares in the last quarter. Squarepoint Ops LLC lifted its position in Intapp by 18.3% during the second quarter. Squarepoint Ops LLC now owns 135,517 shares of the company’s stock worth $4,969,000 after purchasing an additional 20,972 shares during the period. Finally, Millennium Management LLC grew its stake in Intapp by 30.1% during the second quarter. Millennium Management LLC now owns 357,437 shares of the company’s stock worth $13,107,000 after buying an additional 82,761 shares in the last quarter. 89.96% of the stock is owned by 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.