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

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

Analyst Ratings Changes

INTA has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating and set a $46.00 target price on shares of Intapp in a research report on Wednesday, August 14th. Bank of America cut their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Oppenheimer restated a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. UBS Group lifted their price target on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Citigroup lifted their price target on shares of Intapp from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.11.

Intapp Stock Up 7.3 %

The firm’s fifty day moving average price is $38.89 and its 200 day moving average price is $35.99. The stock has a market cap of $3.53 billion, a PE ratio of -77.77 and a beta of 0.65.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The firm had revenue of $114.38 million for the quarter, compared to the consensus estimate of $111.58 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, analysts anticipate that Intapp, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In other news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $36.49, for a total value 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 legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $36.49, for a total transaction of $182,450.00. Following the sale, 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 legal filing with the SEC, which is available through the SEC website. Also, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $34.92, for a total transaction of $523,800.00. Following the sale, the insider now directly owns 749,652 shares in the company, valued at approximately $26,177,847.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $880,950. 36.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. 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 valued at $172,002,000 after acquiring an additional 1,501,091 shares during the last quarter. Trexquant Investment LP bought a new position in Intapp during the fourth quarter valued at $1,616,000. Clearbridge Investments LLC bought a new position in shares of Intapp in the first quarter worth about $16,156,000. Jane Street Group LLC grew its holdings in shares of Intapp by 766.2% in the first quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock worth $5,709,000 after purchasing an additional 147,240 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Intapp by 498.3% in the fourth quarter. TD Asset Management Inc now owns 45,090 shares of the company’s stock worth $1,714,000 after purchasing an additional 37,554 shares during the last quarter. 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.