Intapp, Inc. (NASDAQ:INTA) Stock Has Consensus Price Target of $39.14 According to Analysts

Intapp, Inc. (NASDAQ:INTA) has received a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $39.14.

A number of research analysts recently weighed in on INTA shares. Barclays upped their price target on Intapp from $29.00 to $38.00 and gave the stock an “underweight” rating in a research note on Monday, October 12th. Truist Financial boosted their target price on shares of Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a report on Wednesday, September 2nd. Finally, UBS Group lifted their price objective on shares of Intapp from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, September 21st.

Intapp Trading Up 4.1%

NASDAQ INTA opened at $47.18 on Tuesday. The firm has a market capitalization of $3.62 billion, a PE ratio of -90.73, a price-to-earnings-growth ratio of 17.50 and a beta of 0.34. The business’s 50-day moving average price is $39.66 and its two-hundred day moving average price is $30.52. Intapp has a 12 month low of $19.01 and a 12 month high of $47.93.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The business had revenue of $152.53 million for the quarter, compared to analysts’ expectations of $149.75 million. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, analysts forecast that Intapp will post 0.07 earnings per share for the current fiscal year.

Insider Activity at Intapp

In related news, CFO David Morton, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $40.88, for a total transaction of $408,800.00. Following the completion of the sale, the chief financial officer owned 120,074 shares in the company, valued at approximately $4,908,625.12. This trade represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Thad Jampol sold 4,800 shares of the business’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $40.39, for a total value of $193,872.00. Following the completion of the sale, the insider owned 928,585 shares in the company, valued at approximately $37,505,548.15. The trade was a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 146,184 shares of company stock worth $6,126,106 in the last ninety days. Corporate insiders own 11.87% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several hedge funds have recently bought and sold shares of INTA. BlackRock Inc. purchased a new stake in shares of Intapp in the 2nd quarter valued at about $133,660,000. Wellington Management Group LLP increased its stake in Intapp by 5.8% in the second quarter. Wellington Management Group LLP now owns 2,046,759 shares of the company’s stock valued at $51,599,000 after acquiring an additional 112,735 shares during the last quarter. Jennison Associates LLC raised its position in Intapp by 9.7% during the first quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock valued at $51,607,000 after purchasing an additional 177,201 shares in the last quarter. Bamco Inc. NY bought a new position in Intapp during the second quarter valued at approximately $50,184,000. Finally, Praesidium Investment Management Company LLC purchased a new position in shares of Intapp during the second quarter worth approximately $19,761,311. Hedge funds and other institutional investors own 89.96% of the company’s stock.

About Intapp

Intapp, Inc develops cloud-based software for professional and financial services firms. Its platform is designed to help organizations manage client and relationship data, business development, risk and compliance processes, collaboration, time tracking, billing, and operational workflows.

The company’s product portfolio includes solutions for relationship management and deal management, professional-services time and billing, conflicts and compliance, document and information management, secure collaboration, and workflow automation.