Intapp (NASDAQ:INTA) Reaches New 12-Month High – Here’s Why

Intapp, Inc. (NASDAQ:INTA)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.99 and last traded at $60.99, with a volume of 619 shares trading hands. The stock had previously closed at $59.39.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. UBS Group boosted their price objective 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. Citigroup raised their target price on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Truist Financial reiterated a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Finally, Piper Sandler restated an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.55.

Intapp Trading Down 1.5 %

The firm has a market capitalization of $4.55 billion, a P/E ratio of -204.03 and a beta of 0.64. The stock has a 50-day simple moving average of $48.83 and a two-hundred day simple moving average of $40.73.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The firm 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 2.15%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the firm earned ($0.20) earnings per share. As a group, research analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total value of $901,800.00. Following the sale, the insider now directly owns 772,412 shares in the company, valued at approximately $34,828,057.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Ralph Baxter sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total value of $2,855,000.00. Following the completion of the sale, the director now owns 5,624 shares of the company’s stock, valued at $321,130.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total value of $901,800.00. Following the transaction, the insider now owns 772,412 shares in the company, valued at approximately $34,828,057.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 237,017 shares of company stock worth $12,156,222. 13.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intapp

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. J.Safra Asset Management Corp increased its position in shares of Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares during the period. Advisors Asset Management Inc. lifted its position in Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares during the period. Blue Trust Inc. purchased a new stake in Intapp during the 2nd quarter valued at about $30,000. Finally, Quest Partners LLC purchased a new stake in Intapp during the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.