Intapp (NASDAQ:INTA) Price Target Raised to $46.00

Intapp (NASDAQ:INTA) had its price target upped by stock analysts at UBS Group from $40.00 to $46.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 26.09% from the stock’s previous close.

INTA has been the subject of a number of other reports. Zacks Research raised shares of Intapp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a report on Wednesday, September 2nd. Barclays increased their price target on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Truist Financial lifted their price objective on Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Piper Sandler increased their target price on Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.86.

Intapp Trading Up 0.8%

Shares of Intapp stock opened at $36.48 on Monday. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -70.56, a PEG ratio of 13.98 and a beta of 0.45. Intapp has a 1 year low of $19.01 and a 1 year high of $47.93. The company’s fifty day simple moving average is $36.30 and its 200-day simple moving average is $28.23.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The business had revenue of $152.53 million for the quarter, compared to the consensus estimate of $149.75 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. 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, research analysts forecast that Intapp will post 0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director George Neble sold 2,624 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $40.00, for a total transaction of $104,960.00. Following the completion of the sale, the director directly owned 30,465 shares of the company’s stock, valued at $1,218,600. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michele Murgel sold 14,591 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the transaction, the insider owned 233,632 shares in the company, valued at $5,845,472.64. This represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 100,491 shares of company stock worth $3,883,173. 11.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intapp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Intapp during the second quarter worth about $133,660,000. Bamco Inc. NY bought a new position in shares of Intapp in the second quarter valued at $50,184,000. Praesidium Investment Management Company LLC acquired a new stake in Intapp during the 2nd quarter valued at $19,761,311. Norges Bank bought a new stake in shares of Intapp during the 4th quarter worth about $32,302,000. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Intapp during the second quarter worth approximately $12,650,000. 89.96% of the stock is owned by institutional investors.

Intapp Company Profile

Intapp, Inc provides cloud-based software designed for professional and financial services firms. Its platform helps organizations manage client relationships, business development, collaboration, time and expense tracking, billing, compliance, conflicts of interest, and other operational workflows.

The company’s products include DealCloud, a relationship intelligence and deal management platform for private capital markets and investment banking firms; Intapp Documents, which supports document and collaboration workflows; Intapp Time and Intapp Bill, which address time capture and billing processes; and solutions for managing conflicts, engagements, terms, and information barriers.