Intapp (NASDAQ:INTA) Sets New 12-Month High at $47.67

Intapp, Inc. (NASDAQ:INTA) hit a new 52-week high on Monday . The company traded as high as $47.67 and last traded at $47.44, with a volume of 472236 shares. The stock had previously closed at $44.84.

Analyst Ratings Changes

Several analysts have issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $46.00 price target on shares of Intapp in a research note on Wednesday, August 14th. Citigroup boosted their price objective on shares of Intapp from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. UBS Group increased their price objective on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Bank of America lowered their target price on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, Oppenheimer reissued a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Intapp has a consensus rating of “Moderate Buy” and an average target price of $47.11.

Intapp Trading Up 1.1 %

The firm has a market capitalization of $3.52 billion, a P/E ratio of -77.82 and a beta of 0.65. The company has a 50-day moving average of $39.41 and a 200-day moving average of $36.12.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $114.38 million during the quarter, compared to the consensus estimate of $111.58 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company earned ($0.14) earnings per share. Research analysts predict that Intapp, Inc. will post -0.15 EPS for the current year.

Insider Activity

In other news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.49, for a total transaction of $182,450.00. Following the completion of the sale, the chief operating officer now owns 648,411 shares in the company, valued at $23,660,517.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $34.92, for a total value of $523,800.00. Following the transaction, the insider now owns 749,652 shares in the company, valued at $26,177,847.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.49, for a total value of $182,450.00. Following the sale, the chief operating officer now owns 648,411 shares of the company’s stock, valued at approximately $23,660,517.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $880,950. Company insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

Hedge funds have recently bought and sold shares of the company. Clearbridge Investments LLC raised its holdings in shares of Intapp by 64.0% in the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its stake in Intapp by 384.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 69,718 shares of the company’s stock valued at $2,557,000 after buying an additional 55,318 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Intapp by 13.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,551 shares of the company’s stock worth $900,000 after buying an additional 2,891 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Intapp by 30.1% in the 2nd quarter. Millennium Management LLC now owns 357,437 shares of the company’s stock worth $13,107,000 after buying an additional 82,761 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Intapp by 18.3% in the second quarter. Squarepoint Ops LLC now owns 135,517 shares of the company’s stock valued at $4,969,000 after acquiring an additional 20,972 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other 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.