Intapp (NASDAQ:INTA) Sets New 1-Year High – Should You Buy?

Intapp, Inc. (NASDAQ:INTA)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $64.71 and last traded at $64.71, with a volume of 22446 shares changing hands. The stock had previously closed at $64.25.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of analyst reports. Truist Financial reiterated a “buy” rating and set a $55.00 target price (up from $47.00) on shares of Intapp in a report on Tuesday, November 5th. UBS Group lifted their price objective on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Barclays raised their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.55.

Intapp Stock Performance

The company’s 50-day moving average is $52.58 and its 200 day moving average is $43.20.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.21 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 firm had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In other news, insider Michele Murgel sold 1,252 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $62,600.00. Following the transaction, the insider now directly owns 152,702 shares in the company, valued at $7,635,100. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John T. Hall sold 61,842 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $59.68, for a total value of $3,690,730.56. Following the sale, the chief executive officer now owns 5,030,432 shares of the company’s stock, valued at approximately $300,216,181.76. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 390,215 shares of company stock worth $21,267,180 over the last quarter. 13.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its position in shares of Intapp by 28.4% during the 3rd quarter. Franklin Resources Inc. now owns 456,619 shares of the company’s stock valued at $22,173,000 after buying an additional 100,982 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Intapp in the 3rd quarter worth $64,000. Sanctuary Advisors LLC purchased a new stake in Intapp in the 3rd quarter worth $239,000. Virtu Financial LLC bought a new position in shares of Intapp during the 3rd quarter valued at about $609,000. Finally, Geode Capital Management LLC grew its position in shares of Intapp by 9.9% during the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after purchasing an additional 95,035 shares in 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.