Intapp (NASDAQ:INTA) Hits New 12-Month High at $47.67

Intapp, Inc. (NASDAQ:INTA) reached a new 52-week high during trading on Monday . The company traded as high as $47.67 and last traded at $47.44, with a volume of 472236 shares. The stock had previously closed at $44.84.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Bank of America cut 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. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Piper Sandler restated an “overweight” rating and issued a $46.00 price target on shares of Intapp in a report on Wednesday, August 14th. Citigroup increased their target price on shares of Intapp from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, UBS Group increased their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.11.

Intapp Stock Up 7.3 %

The business has a 50-day simple moving average of $38.89 and a 200-day simple moving average of $35.99. The company has a market cap of $3.53 billion, a PE ratio of -77.77 and a beta of 0.65.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm had revenue of $114.38 million for the quarter, compared to analyst estimates of $111.58 million. During the same quarter last year, the firm posted ($0.14) EPS. The business’s revenue was up 20.9% on a year-over-year basis. On average, research analysts forecast that Intapp, Inc. will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $34.92, for a total transaction of $523,800.00. Following the completion of the sale, the insider now owns 749,652 shares of the company’s stock, valued at $26,177,847.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.49, for a total transaction of $182,450.00. Following the transaction, the chief operating officer now owns 648,411 shares of the company’s stock, valued at $23,660,517.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $34.92, for a total value of $523,800.00. Following the completion of the sale, the insider now directly owns 749,652 shares of the company’s stock, valued at $26,177,847.84. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $880,950 over the last ninety days. Corporate insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of INTA. Vanguard Group Inc. increased its position in Intapp by 42.7% during the first 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 last quarter. Trexquant Investment LP acquired a new position in Intapp in the 4th quarter valued at about $1,616,000. Clearbridge Investments LLC purchased a new stake in shares of Intapp in the 1st quarter valued at approximately $16,156,000. Jane Street Group LLC raised its position in shares of Intapp by 766.2% during the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after buying an additional 147,240 shares during the period. Finally, TD Asset Management Inc lifted its holdings in Intapp by 498.3% in the fourth quarter. TD Asset Management Inc now owns 45,090 shares of the company’s stock valued at $1,714,000 after acquiring an additional 37,554 shares during the last quarter. 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.