Stifel Nicolaus raises its price target on Intapp (NASDAQ:INTA) to $60.00

VaselineSeptember 23, 2024

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Intapp (NASDAQ:INTA – Get a Free Report) had its price objective raised by analysts at Stifel Nicolaus from $45.00 to $60.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 22.45% from the company’s previous close.

INTA has been the subject of a number of other reports. Barclays upped their target price on shares of Intapp from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Piper Sandler reiterated an “overweight” rating and set a $46.00 price objective on shares of Intapp in a research report on Wednesday, August 14th. Citigroup upped their target price on Intapp from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. UBS Group upped their target price on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Oppenheimer reissued a “market perform” rating on shares of Intapp in a report on Monday, July 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.78.

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Intapp price performance

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Shares of Intapp opened at $49.00 on Monday. Intapp has a one year low of $30.36 and a one year high of $49.86. The company’s fifty day moving average is $40.24 and its 200 day moving average is $36.38. The stock has a market cap of $3.60 billion, a PE ratio of -80.33 and a beta of 0.65.

Intapp (NASDAQ:INTA – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The firm had revenue of $114.38 million for the quarter, compared to the consensus estimate of $111.58 million. In the same quarter last year, the firm posted ($0.14) EPS. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, sell-side analysts expect that Intapp will post -0.15 EPS for the current fiscal year.

Internal activity at Intapp

In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $36.49, for a total transaction of $182,450.00. Following the sale, the chief operating officer now owns 648,411 shares in the company, valued at approximately $23,660,517.39. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $36.49, for a total value of $182,450.00. Following the completion of the transaction, the chief operating officer now directly owns 648,411 shares in the company, valued at $23,660,517.39. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $34.92, for a total transaction of $523,800.00. Following the sale, the insider now owns 749,652 shares in the company, valued at $26,177,847.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,000 shares of company stock worth $880,950. 36.56% of the shares are owned by company insiders.

Hedge funds influence Intapp

A number of hedge funds have recently made changes to their positions in INTA. J.Safra Asset Management Corp boosted its holdings in Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after buying an additional 615 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of Intapp in the second quarter valued at $30,000. Comerica Bank boosted its position in shares of Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Intapp by 164.6% during the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after acquiring an additional 815 shares in the last quarter. Institutional investors own 89.96% of the company’s shares.

About Intapp

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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, United Kingdom and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms’ market relationships, leads and investments, current commitments and deal processes, as well as operational and compliance activities; collaboration and content solutions, including Intapp Docs, an engagement-centric document management system, and Intapp Workspaces; risk and compliance management solutions such as Intapp conflicts, Intapp input, Intapp terms, Intapp walls and Intapp employee compliance; and operational and financial management solutions, which include Intapp Billstream, an automated cloud-based proforma invoicing solution, Intapp time and Intapp terms.