Intapp (NASDAQ:INTA) Hits New 52-Week High – Time to 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 $77.74 and last traded at $74.00, with a volume of 47347 shares changing hands. The stock had previously closed at $74.10.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group boosted their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Barclays upped their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Raymond James reissued a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Truist Financial increased their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. increased their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Four investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.45.

Intapp Price Performance

The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of -253.61 and a beta of 0.74. The stock has a 50-day moving average price of $67.80 and a 200-day moving average price of $55.09.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In other Intapp news, CEO John T. Hall sold 44,009 shares of Intapp stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the transaction, the chief executive officer now directly owns 5,093,692 shares of the company’s stock, valued at $302,055,935.60. The trade was a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thad Jampol sold 20,174 shares of Intapp stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $1,196,318.20. Following the completion of the transaction, the insider now directly owns 803,400 shares of the company’s stock, valued at $47,641,620. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 316,846 shares of company stock valued at $20,158,913. Insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTA. Raleigh Capital Management Inc. acquired a new position in Intapp in the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in Intapp in the 4th quarter valued at $25,000. Farther Finance Advisors LLC raised its holdings in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Intapp in the 4th quarter valued at $32,000. Finally, Quest Partners LLC bought a new position in shares of Intapp in the 3rd quarter valued at $54,000. 89.96% of the stock is 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.