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 mid-day trading on Friday. The company traded as high as $48.01 and last traded at $48.0110, with a volume of 321,072 shares trading hands. The stock had previously closed at $47.18.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Intapp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a report on Wednesday, September 2nd. Barclays upped their price objective on Intapp from $29.00 to $38.00 and gave the company an “underweight” rating in a research report on Monday, October 12th. Truist Financial lifted their price target on shares of Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.14.

Intapp Trading Up 2.0%

The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of -92.54, a price-to-earnings-growth ratio of 17.50 and a beta of 0.34. The stock’s fifty day moving average price is $39.66 and its two-hundred day moving average price is $30.52.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%. The business had revenue of $152.53 million for the quarter, compared to analyst estimates of $149.75 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Activity

In other Intapp news, CFO David Morton, Jr. sold 10,000 shares of Intapp stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $40.88, for a total value of $408,800.00. Following the completion of the sale, the chief financial officer directly owned 120,074 shares of the company’s stock, valued at approximately $4,908,625.12. The trade was a 7.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Harrison sold 40,284 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $45.26, for a total value of $1,823,253.84. Following the sale, the insider owned 15,599 shares in the company, valued at $706,010.74. This trade represents a 72.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 146,184 shares of company stock worth $6,126,106. Corporate insiders own 11.87% of the company’s stock.

Institutional Trading of Intapp

A number of hedge funds have recently made changes to their positions in INTA. Allworth Financial LP acquired a new stake in shares of Intapp during the second quarter valued at about $33,000. Harbor Investment Advisory LLC acquired a new stake in Intapp in the second quarter valued at $36,000. GK Wealth Management LLC acquired a new position in Intapp during the 3rd quarter worth $41,000. Optiver Holding B.V. increased its holdings in Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after buying an additional 1,741 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Intapp during the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

About Intapp

Intapp, Inc develops cloud-based software for professional and financial services firms. Its platform is designed to help organizations manage client and relationship data, business development, risk and compliance processes, collaboration, time tracking, billing, and operational workflows.

The company’s product portfolio includes solutions for relationship management and deal management, professional-services time and billing, conflicts and compliance, document and information management, secure collaboration, and workflow automation.