Intapp (NASDAQ:INTA) Reaches New 1-Year High on Analyst Upgrade

Intapp, Inc. (NASDAQ:INTA) shares reached a new 52-week high during trading on Tuesday after UBS Group raised their price target on the stock from $89.00 to $92.00. UBS Group currently has a buy rating on the stock. Intapp traded as high as $75.90 and last traded at $74.19, with a volume of 261299 shares trading hands. The stock had previously closed at $70.52.

Other research analysts have also recently issued reports about the company. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price target (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Truist Financial lifted their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Citigroup restated a “neutral” rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.64.

Insiders Place Their Bets

In other news, insider Thad Jampol sold 20,174 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the transaction, the insider now directly owns 803,400 shares of the company’s stock, valued at approximately $47,641,620. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John T. Hall sold 44,009 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the sale, the chief executive officer now owns 5,093,692 shares of the company’s stock, valued at approximately $302,055,935.60. This trade represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 316,846 shares of company stock valued at $20,158,913 over the last 90 days. 13.02% of the stock is currently owned by insiders.

Institutional Trading of Intapp

A number of institutional investors have recently modified their holdings of the stock. Sei Investments Co. lifted its position in Intapp by 64.6% during the second quarter. Sei Investments Co. now owns 22,808 shares of the company’s stock worth $836,000 after purchasing an additional 8,950 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Intapp by 13.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,551 shares of the company’s stock valued at $900,000 after purchasing an additional 2,891 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Intapp during the 3rd quarter worth $914,000. Blue Trust Inc. boosted its stake in shares of Intapp by 147.0% in the 3rd quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock valued at $102,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Intapp by 114.1% in the 3rd quarter. Raymond James & Associates now owns 59,624 shares of the company’s stock valued at $2,852,000 after acquiring an additional 31,778 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Intapp Stock Performance

The company has a fifty day moving average of $66.71 and a two-hundred day moving average of $53.63. The company has a market cap of $5.69 billion, a price-to-earnings ratio of -253.48 and a beta of 0.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. Equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal 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.