Intapp (NASDAQ:INTA) Sets New 12-Month High on Earnings Beat

Intapp, Inc. (NASDAQ:INTA)’s share price hit a new 52-week high on Tuesday following a better than expected earnings announcement. The company traded as high as $54.68 and last traded at $52.97, with a volume of 55861 shares trading hands. The stock had previously closed at $50.22.

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 7.44% and a negative return on equity of 5.36%. The company had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same quarter in the prior year, the company posted ($0.20) EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of analyst reports. UBS Group upped their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Stifel Nicolaus upped their target price on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a research report on Tuesday. Finally, Citigroup upped their price target on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Insider Buying and Selling

In other news, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the transaction, the chief operating officer now owns 668,239 shares in the company, valued at $32,950,865.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Donald F. Coleman sold 30,318 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $49.43, for a total value of $1,498,618.74. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $33,031,053.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Donald F. Coleman sold 58,003 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,239 shares of company stock valued at $7,360,981 over the last 90 days. 13.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares in the last quarter. J.Safra Asset Management Corp raised its stake in Intapp by 634.0% during the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after acquiring an additional 615 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares in the last quarter. Blue Trust Inc. acquired a new position in Intapp during the second quarter worth $30,000. Finally, Financial Management Professionals Inc. acquired a new position in Intapp during the third quarter worth $57,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Stock Up 8.0 %

The firm has a fifty day moving average price of $47.64 and a 200 day moving average price of $39.79. The company has a market cap of $4.17 billion, a P/E ratio of -117.71 and a beta of 0.64.

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.