Intapp (NASDAQ:INTA) Trading Up 4% – Here’s Why

Intapp, Inc. (NASDAQ:INTA) shot up 4% during trading on Tuesday . The stock traded as high as $63.98 and last traded at $64.06. 222,409 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 638,235 shares. The stock had previously closed at $61.62.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Truist Financial raised their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Citigroup reiterated a “neutral” rating and issued a $78.00 target price (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Stifel Nicolaus lifted their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Price Performance

The business’s fifty day moving average price is $66.81 and its two-hundred day moving average price is $59.96. The stock has a market capitalization of $5.10 billion, a PE ratio of -221.30 and a beta of 0.76.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, equities research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other Intapp news, CMO Scott Fitzgerald sold 3,000 shares of Intapp stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total value of $193,140.00. Following the completion of the transaction, the chief marketing officer now owns 39,212 shares of the company’s stock, valued at approximately $2,524,468.56. The trade was a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michele Murgel sold 1,962 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total transaction of $117,720.00. Following the completion of the sale, the insider now directly owns 182,462 shares of the company’s stock, valued at approximately $10,947,720. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,827 shares of company stock valued at $11,825,658. 13.02% of the stock is owned by company insiders.

Institutional Trading of Intapp

Several large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new stake in shares of Intapp during the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new position in Intapp in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new position in Intapp in the 4th quarter valued at approximately $32,000. Johnson Financial Group Inc. increased its holdings in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after purchasing an additional 605 shares during the period. Finally, CoreCap Advisors LLC purchased a new position in Intapp in the fourth quarter worth approximately $64,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.