Intapp (NASDAQ:INTA) Trading 6% Higher After Analyst Upgrade

Intapp, Inc. (NASDAQ:INTA)’s stock price rose 6% during mid-day trading on Tuesday after UBS Group raised their price target on the stock from $84.00 to $89.00. UBS Group currently has a buy rating on the stock. Intapp traded as high as $71.07 and last traded at $71.71. Approximately 98,397 shares traded hands during trading, a decline of 83% from the average daily volume of 569,484 shares. The stock had previously closed at $67.62.

Other research analysts have also recently issued reports about the stock. Piper Sandler reissued an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Citigroup reissued a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Truist Financial lifted their target price on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays raised their price objective on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Intapp has a consensus rating of “Moderate Buy” and a consensus target price of $63.36.

Insider Buying and Selling

In related news, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the transaction, the insider now directly owns 828,197 shares in the company, valued at $51,223,984.45. The trade was a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $63.53, for a total value of $190,590.00. Following the completion of the sale, the chief marketing officer now owns 42,212 shares of the company’s stock, valued at $2,681,728.36. This represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 402,624 shares of company stock worth $24,954,154. Corporate insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently modified their holdings of the company. Bleakley Financial Group LLC boosted its stake in Intapp by 18.7% during the fourth quarter. Bleakley Financial Group LLC now owns 6,442 shares of the company’s stock worth $413,000 after buying an additional 1,014 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in shares of Intapp during the 4th quarter worth about $532,000. KBC Group NV boosted its position in shares of Intapp by 92.4% during the 4th quarter. KBC Group NV now owns 2,641 shares of the company’s stock valued at $169,000 after acquiring an additional 1,268 shares in the last quarter. Blue Trust Inc. increased its stake in Intapp by 36.0% in the fourth quarter. Blue Trust Inc. now owns 2,908 shares of the company’s stock valued at $186,000 after acquiring an additional 769 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new position in Intapp in the fourth quarter worth about $25,000. 89.96% of the stock is currently owned by institutional investors.

Intapp Price Performance

The stock has a market cap of $5.61 billion, a P/E ratio of -250.00 and a beta of 0.73. The business’s 50 day simple moving average is $65.50 and its 200 day simple moving average is $52.35.

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

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.