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

Intapp, Inc. (NASDAQ:INTA)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $77.74 and last traded at $74.00, with a volume of 47347 shares trading hands. The stock had previously closed at $74.10.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial lifted their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Piper Sandler reissued an “overweight” rating and issued a $71.00 price objective (up from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. UBS Group upped their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. increased their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Four equities research 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 a consensus rating of “Moderate Buy” and an average target price of $66.45.

Intapp Trading Down 2.4 %

The firm has a market cap of $5.74 billion, a P/E ratio of -249.41 and a beta of 0.74. The company’s 50-day moving average is $67.92 and its two-hundred day moving average is $55.48.

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

Insider Activity

In other Intapp news, insider Thad Jampol sold 20,174 shares of Intapp stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the transaction, the insider now owns 803,400 shares of the company’s stock, valued at $47,641,620. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John T. Hall sold 44,009 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the transaction, the chief executive officer now directly owns 5,093,692 shares of the company’s stock, valued at approximately $302,055,935.60. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 316,846 shares of company stock worth $20,158,913 over the last quarter. Insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FORA Capital LLC purchased a new position in Intapp in the third quarter valued at about $566,000. Loomis Sayles & Co. L P lifted its stake in Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after purchasing an additional 343,275 shares during the last quarter. Farther Finance Advisors LLC increased its position in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the last quarter. Barclays PLC raised its stake in shares of Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after buying an additional 50,607 shares during the period. Finally, Algert Global LLC bought a new stake in shares of Intapp in the third quarter valued at $468,000. 89.96% of the stock is owned by hedge funds and other 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.