Intapp’s (INTA) “Buy” Rating Reaffirmed at Truist Financial

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

Several other research firms have also commented on INTA. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday. Citigroup lifted their target price on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. UBS Group raised their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Stifel Nicolaus increased their target price on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.55.

Intapp Trading Up 0.5 %

NASDAQ INTA opened at $50.47 on Tuesday. The stock has a market cap of $3.88 billion, a PE ratio of -112.16 and a beta of 0.64. The stock’s 50 day moving average is $47.64 and its 200 day moving average is $39.79. Intapp has a 12 month low of $30.36 and a 12 month high of $54.68.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) EPS. On average, analysts forecast that Intapp will post -0.15 EPS for the current fiscal year.

Insider Activity at Intapp

In other Intapp news, insider Michele Murgel sold 1,252 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $62,600.00. Following the transaction, the insider now directly owns 152,702 shares in the company, valued at $7,635,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Thad Jampol sold 31,666 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the completion of the sale, the insider now directly owns 772,412 shares of the company’s stock, valued at $37,917,705.08. 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 is available through the SEC website. Also, insider Michele Murgel sold 1,252 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,600.00. Following the transaction, the insider now owns 152,702 shares in the company, valued at approximately $7,635,100. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,239 shares of company stock worth $7,360,981 in the last 90 days. 13.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intapp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new stake in Intapp during the third quarter worth $481,000. Los Angeles Capital Management LLC bought a new position in shares of Intapp in the 3rd quarter worth $354,000. TimesSquare Capital Management LLC lifted its stake in shares of Intapp by 27.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 545,160 shares of the company’s stock worth $26,075,000 after purchasing an additional 117,795 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in Intapp during the third quarter valued at about $5,043,000. Finally, Malaga Cove Capital LLC purchased a new position in Intapp in the third quarter valued at about $546,000. 89.96% of the stock is currently 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.