Intapp (NASDAQ:INTA) Trading Up 6.7% – What’s Next?

Shares of Intapp, Inc. (NASDAQ:INTA) traded up 6.7% during trading on Friday . The stock traded as high as $64.18 and last traded at $64.18. 70,931 shares were traded during trading, a decline of 89% from the average session volume of 637,689 shares. The stock had previously closed at $60.15.

Analyst Upgrades and Downgrades

INTA has been the subject of several recent research reports. Bank of America lowered their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Truist Financial restated a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Barclays boosted their price objective on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Citigroup upped their price target on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.55.

Intapp Price Performance

The company has a market capitalization of $4.85 billion, a PE ratio of -221.31 and a beta of 0.64. The company has a 50 day moving average of $52.09 and a two-hundred day moving average of $42.81.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results 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. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. During the same period last year, the company posted ($0.20) EPS. Intapp’s revenue was up 17.0% on a year-over-year basis. On average, equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling

In related news, CEO John T. Hall sold 61,842 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $59.68, for a total transaction of $3,690,730.56. Following the transaction, the chief executive officer now owns 5,030,432 shares in the company, valued at $300,216,181.76. This represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thad Jampol sold 31,666 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the transaction, the insider now owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 390,215 shares of company stock worth $21,267,180 in the last quarter. Corporate insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently made changes to their positions in INTA. Farther Finance Advisors LLC lifted its holdings in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares in the last quarter. J.Safra Asset Management Corp boosted its position in shares of Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares in the last quarter. Blue Trust Inc. bought a new stake in Intapp in the 2nd quarter valued at $30,000. Finally, Quest Partners LLC bought a new position in shares of Intapp during the 3rd quarter valued at about $54,000. Institutional investors 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.