Intapp (NASDAQ:INTA) Hits New 52-Week High – Here’s What Happened

Intapp, Inc. (NASDAQ:INTA) shares reached a new 52-week high on Wednesday . The company traded as high as $72.00 and last traded at $69.48, with a volume of 96497 shares. The stock had previously closed at $70.18.

Wall Street Analyst Weigh In

Several analysts have recently commented on INTA shares. Truist Financial lifted their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Citigroup reiterated a “neutral” rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.82.

Intapp Stock Up 0.2 %

The stock has a market capitalization of $5.44 billion, a PE ratio of -242.69 and a beta of 0.73. The business’s 50-day moving average is $64.19 and its two-hundred day moving average is $51.11.

Intapp (NASDAQ:INTA) last announced its 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 business had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. During the same period in the prior year, the company earned ($0.20) earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. As a group, analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Transactions at Intapp

In other Intapp news, insider Thad Jampol sold 20,174 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the transaction, the insider now directly owns 803,400 shares in the company, valued at approximately $47,641,620. This represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ralph Baxter sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the completion of the sale, the director now owns 5,624 shares in the company, valued at $321,130.40. This represents a 89.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 402,624 shares of company stock worth $24,954,154 over the last ninety days. 13.02% of the stock is currently owned by company insiders.

Institutional Trading of Intapp

Several large investors have recently modified their holdings of INTA. KBC Group NV lifted its stake in shares of Intapp by 92.4% during the fourth quarter. KBC Group NV now owns 2,641 shares of the company’s stock valued at $169,000 after buying an additional 1,268 shares during the period. Blue Trust Inc. lifted its stake in shares of Intapp by 36.0% during the fourth quarter. Blue Trust Inc. now owns 2,908 shares of the company’s stock valued at $186,000 after buying an additional 769 shares during the period. Raleigh Capital Management Inc. purchased a new position in shares of Intapp during the fourth quarter valued at approximately $25,000. Janney Montgomery Scott LLC purchased a new position in shares of Intapp during the fourth quarter valued at approximately $378,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Intapp during the fourth quarter valued at approximately $182,000. 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.