Intapp (NASDAQ:INTA) Hits New 52-Week High – Time to Buy?

Intapp, Inc. (NASDAQ:INTA) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $77.74 and last traded at $74.00, with a volume of 47347 shares changing hands. The stock had previously closed at $74.10.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on INTA shares. Barclays lifted their price target on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Raymond James reiterated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Stifel Nicolaus lifted their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Truist Financial lifted their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Piper Sandler restated an “overweight” rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Trading Down 0.7 %

The firm has a market cap of $5.84 billion, a P/E ratio of -253.61 and a beta of 0.74. The business has a 50-day moving average of $67.80 and a two-hundred day moving average of $55.09.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, equities analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other Intapp news, CMO Scott Fitzgerald sold 5,221 shares of Intapp stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $309,605.30. Following the transaction, the chief marketing officer now directly owns 46,552 shares of the company’s stock, valued at approximately $2,760,533.60. The trade was a 10.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John T. Hall sold 44,009 shares of Intapp stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the transaction, the chief executive officer now directly owns 5,093,692 shares in the company, valued at $302,055,935.60. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 316,846 shares of company stock valued at $20,158,913. 13.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INTA. Invesco Ltd. lifted its stake in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares during the period. Luxor Capital Group LP acquired a new position in shares of Intapp in the 3rd quarter valued at about $47,837,000. Vanguard Group Inc. lifted its stake in shares of Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after purchasing an additional 672,832 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Intapp by 408.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock valued at $46,209,000 after purchasing an additional 579,075 shares during the period. Finally, FMR LLC lifted its stake in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after purchasing an additional 411,434 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

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.