Intapp (NASDAQ:INTA) Sets New 52-Week High on Analyst Upgrade

Intapp, Inc. (NASDAQ:INTA)’s share price reached a new 52-week high during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $58.00 to $75.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Intapp traded as high as $68.88 and last traded at $68.26, with a volume of 72804 shares changing hands. The stock had previously closed at $66.46.

Other research analysts have also issued reports about the stock. Piper Sandler reissued an “overweight” rating and set a $60.00 price objective (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. UBS Group increased their target price on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Barclays lifted their target price 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, Truist Financial reissued a “buy” rating and set a $55.00 price target (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Intapp currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.09.

Insider Buying and Selling at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $64.83, for a total transaction of $648,300.00. Following the completion of the transaction, the chief financial officer now owns 17,331 shares in the company, valued at approximately $1,123,568.73. The trade was a 36.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $63.53, for a total value of $190,590.00. Following the transaction, the chief marketing officer now directly owns 42,212 shares in the company, valued at $2,681,728.36. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 403,215 shares of company stock worth $22,106,070. 13.02% of the stock is owned by insiders.

Institutional Trading of Intapp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. J.Safra Asset Management Corp boosted 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 valued at $26,000 after buying an additional 615 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Intapp in the 2nd quarter worth approximately $30,000. Comerica Bank raised its holdings in shares of Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Intapp in the 3rd quarter worth approximately $54,000. 89.96% of the stock is currently owned by institutional investors.

Intapp Stock Up 0.9 %

The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of -231.24 and a beta of 0.74. The firm’s 50 day moving average is $54.65 and its 200 day moving average is $44.43.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.20) EPS. On average, sell-side analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

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.