Intapp (NASDAQ:INTA) Hits New 1-Year High – What’s Next?

Intapp, Inc. (NASDAQ:INTA) hit a new 52-week high during trading on Tuesday . The stock traded as high as $61.37 and last traded at $61.32, with a volume of 412900 shares. The stock had previously closed at $59.92.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INTA. Raymond James boosted their price objective on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial reiterated a “buy” rating and issued a $55.00 price target (up previously from $47.00) on shares of Intapp in a report on Tuesday, November 5th. UBS Group lifted their price objective on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Barclays lifted their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.55.

Intapp Stock Performance

The firm has a market capitalization of $4.66 billion, a PE ratio of -207.41 and a beta of 0.64. The business’s fifty day simple moving average is $51.85 and its 200-day simple moving average is $42.69.

Intapp (NASDAQ:INTA) last posted its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. Intapp’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted ($0.20) earnings per share. Sell-side analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Intapp

In related news, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the transaction, the insider now directly owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. The trade was a 3.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David H. Morton, Jr. sold 4,204 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $59.97, for a total transaction of $252,113.88. Following the completion of the sale, the chief financial officer now directly owns 27,331 shares in the company, valued at $1,639,040.07. This trade represents a 13.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 390,215 shares of company stock valued at $21,267,180. Insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently made changes to their positions in INTA. FMR LLC increased its position in shares of Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the period. Vanguard Group Inc. increased its holdings in Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after purchasing an additional 1,501,091 shares during the period. Bamco Inc. NY raised its position in Intapp by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC lifted its holdings in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after buying an additional 256,327 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in shares of Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Intapp Company Profile

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.