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

Intapp, Inc. (NASDAQ:INTA)’s stock price reached a new 52-week high during trading on Tuesday after Barclays raised their price target on the stock from $63.00 to $68.00. Barclays currently has an equal weight rating on the stock. Intapp traded as high as $75.90 and last traded at $74.19, with a volume of 261299 shares changing hands. The stock had previously closed at $70.52.

INTA has been the subject of a number of other reports. Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price 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. UBS Group boosted their target price on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a report on Monday. Citigroup restated a “neutral” rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Raymond James reiterated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Intapp currently has an average rating of “Moderate Buy” and an average target price of $66.45.

Insider Activity

In other news, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer now owns 42,212 shares of the company’s stock, valued at approximately $2,681,728.36. This trade represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John T. Hall sold 70,986 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the sale, the chief executive officer now directly owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. The trade was a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 316,846 shares of company stock valued at $20,158,913. 13.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Intapp

Hedge funds have recently modified their holdings of the stock. Raleigh Capital Management Inc. purchased a new stake in Intapp during the 4th quarter worth about $25,000. Global Retirement Partners LLC acquired a new position in shares of Intapp during the fourth quarter worth about $25,000. Farther Finance Advisors LLC grew its position in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Intapp during the third quarter worth approximately $54,000. Finally, Financial Management Professionals Inc. acquired a new stake in Intapp in the third quarter valued at approximately $57,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Price Performance

The company has a market cap of $5.62 billion, a PE ratio of -250.41 and a beta of 0.74. The business’s 50 day moving average is $66.96 and its 200-day moving average is $53.76.

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