In a report released yesterday, Saket Kalia from Barclays assigned a Buy rating to Intapp (INTA – Research Report), with a price target of $47.00. The company’s shares closed yesterday at $41.21.
According to TipRanks, Kalia is a 5-star analyst with an average return of 15.7% and a 61.84% success rate. Kalia covers the Technology sector, focusing on stocks such as Zscaler, Autodesk, and Palo Alto Networks.
Currently, the analyst consensus on Intapp is a Strong Buy with an average price target of $49.88, representing a 21.04% upside. In a report released on February 14, Stifel Nicolaus also maintained a Buy rating on the stock with a $47.00 price target.
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Based on Intapp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $103.93 million and a GAAP net loss of $9.21 million. In comparison, last year the company earned a revenue of $84.69 million and had a GAAP net loss of $19.75 million
Based on the recent corporate insider activity of 172 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of INTA in relation to earlier this year. Most recently, in December 2023, Michele Murgel, the Chief People & Places Officer of INTA bought 20,000.00 shares for a total of $149,000.00.
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Intapp (INTA) Company Description:
Intapp Inc is a provider of industry-specific, cloud-based software solutions for the professional and financial services industry. It empowers private capital, investment banking, legal, accounting, and consulting firms with the technology they need to meet rapidly changing client, investor, and regulatory requirements.
Read More on INTA:
- Intapp announces vertical AI capabilities designed to significantly enhance productivity for professionals
- Intapp Announces Plan to Acquire AI Software Company delphai
- Intapp to hold investor day
- Intapp price target raised to $47 from $44 at Barclays
- Intapp price target raised to $52 from $46 at Piper Sandler
