Intapp (NASDAQ:INTA) Hits New 12-Month High – What’s Next?

Shares of Intapp, Inc. (NASDAQ:INTA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $72.00 and last traded at $69.48, with a volume of 96497 shares changing hands. The stock had previously closed at $70.18.

Analyst Ratings Changes

Several equities analysts have commented on INTA shares. JPMorgan Chase & Co. increased their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Piper Sandler reissued an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Barclays boosted their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Truist Financial boosted their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Intapp presently has an average rating of “Moderate Buy” and an average price target of $59.82.

Intapp Stock Performance

The stock’s 50-day moving average is $64.72 and its 200-day moving average is $51.38.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) EPS. On average, analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the sale, the insider now owns 828,197 shares in the company, valued at $51,223,984.45. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Donald F. Coleman sold 35,778 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the completion of the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $36,238,600.97. This represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 402,624 shares of company stock valued at $24,954,154 in the last quarter. Corporate insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. bought a new stake in shares of Intapp in the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC boosted its stake in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares in the last quarter. Quest Partners LLC bought a new stake in Intapp in the third quarter valued at $54,000. Financial Management Professionals Inc. acquired a new position in Intapp during the third quarter worth $57,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Intapp during the third quarter valued at $64,000. Institutional investors own 89.96% of the company’s stock.

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.