Intapp (NASDAQ:INTA) Reaches New 52-Week High at $45.81

Shares of Intapp, Inc. (NASDAQ:INTA) reached a new 52-week high during trading on Wednesday . The stock traded as high as $45.81 and last traded at $45.80, with a volume of 781417 shares traded. The stock had previously closed at $44.99.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on INTA shares. Bank of America reduced their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 target price on shares of Intapp in a report on Wednesday, August 14th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research note on Monday, July 8th. Barclays lifted their price objective on Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Finally, BTIG Research lowered their target price on Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.11.

Intapp Stock Performance

The company has a market capitalization of $3.39 billion, a P/E ratio of -75.74 and a beta of 0.61. The firm’s fifty day moving average is $37.00 and its 200 day moving average is $35.80.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $114.38 million for the quarter, compared to analysts’ expectations of $111.58 million. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) earnings per share. On average, analysts forecast that Intapp, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 15,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $34.67, for a total transaction of $520,050.00. Following the transaction, the insider now owns 749,652 shares of the company’s stock, valued at approximately $25,990,434.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.49, for a total value of $182,450.00. Following the transaction, the chief operating officer now directly owns 648,411 shares in the company, valued at approximately $23,660,517.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $34.67, for a total value of $520,050.00. Following the sale, the insider now owns 749,652 shares of the company’s stock, valued at $25,990,434.84. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock valued at $1,577,850 in the last ninety days. Corporate insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. J.Safra Asset Management Corp increased its position in Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after buying an additional 615 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the period. Blue Trust Inc. purchased a new stake in Intapp in the second quarter valued at approximately $30,000. Comerica Bank boosted its position in Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after buying an additional 865 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Intapp by 164.6% during the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after acquiring an additional 815 shares during the period. Hedge funds and other 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.