Intapp (NASDAQ:INTA) Reaches New 52-Week High at $45.81

Intapp, Inc. (NASDAQ:INTA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.81 and last traded at $45.80, with a volume of 781417 shares. The stock had previously closed at $44.99.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price target on shares of Intapp in a report on Wednesday, August 14th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Citigroup lifted their price target on Intapp from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. UBS Group lifted their price target on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Barclays increased their target price on Intapp from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and an average target price of $47.11.

Intapp Stock Up 1.8 %

The firm has a market cap of $3.36 billion, a P/E ratio of -73.75 and a beta of 0.61. The company’s 50 day simple moving average is $36.50 and its 200-day simple moving average is $35.66.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $114.38 million during the quarter, compared to the consensus estimate of $111.58 million. Intapp had a negative net margin of 10.44% and a negative return on equity of 9.08%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) earnings per share. Equities research analysts predict that Intapp, Inc. will post -0.37 EPS for the current year.

Insider Transactions at Intapp

In other news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $34.94, for a total transaction of $174,700.00. Following the completion of the sale, the chief operating officer now owns 648,411 shares of the company’s stock, valued at $22,655,480.34. 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 dated Thursday, August 1st. The shares were sold at an average price of $34.94, for a total value of $174,700.00. Following the transaction, the chief operating officer now directly owns 648,411 shares in the company, valued at approximately $22,655,480.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider now owns 749,652 shares in the company, valued at $26,177,847.84. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $1,577,850 over the last 90 days. Corporate insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after buying an additional 1,501,091 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of Intapp in the 1st quarter valued at approximately $88,605,000. Praesidium Investment Management Company LLC increased its position in shares of Intapp by 9.4% in the 4th quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock valued at $55,748,000 after purchasing an additional 125,455 shares during the last quarter. GW&K Investment Management LLC increased its position in shares of Intapp by 127.5% in the 4th quarter. GW&K Investment Management LLC now owns 1,263,894 shares of the company’s stock valued at $48,054,000 after purchasing an additional 708,258 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Intapp by 64.0% in the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

About Intapp

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.