Intapp (NASDAQ:INTA) Trading 6.7% Higher – Time to Buy?

Intapp, Inc. (NASDAQ:INTA)’s share price traded up 6.7% during mid-day trading on Friday . The stock traded as high as $64.18 and last traded at $64.18. 70,931 shares were traded during mid-day trading, a decline of 89% from the average session volume of 637,689 shares. The stock had previously closed at $60.15.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group upped their price target on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Bank of America decreased their target price on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Citigroup increased their target price on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Barclays boosted their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.55.

Intapp Stock Up 4.0 %

The firm has a market cap of $4.84 billion, a P/E ratio of -215.69 and a beta of 0.64. The business’s 50 day moving average is $52.58 and its 200-day moving average is $43.15.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 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 previous year, the firm earned ($0.20) EPS. The company’s revenue was up 17.0% on a year-over-year basis. As a group, equities analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Michele Murgel sold 1,252 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,600.00. Following the sale, the insider now directly owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thad Jampol sold 31,666 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the transaction, the insider now owns 772,412 shares in the company, valued at approximately $37,917,705.08. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 390,215 shares of company stock worth $21,267,180 over the last quarter. 13.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares during the period. Bamco Inc. NY lifted its stake in Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after buying an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC boosted its holdings in shares of Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after acquiring an additional 256,327 shares during the period. Loomis Sayles & Co. L P grew its position in shares of Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after acquiring an additional 343,275 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock worth $50,291,000 after acquiring an additional 95,035 shares during the period. 89.96% of the stock is owned by institutional investors.

Intapp Company Profile

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.