Intapp (NASDAQ:INTA) Reaches New 12-Month High After Analyst Upgrade

Intapp, Inc. (NASDAQ:INTA)’s stock price hit a new 52-week high during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from $45.00 to $60.00. Stifel Nicolaus currently has a buy rating on the stock. Intapp traded as high as $49.99 and last traded at $49.63, with a volume of 56374 shares. The stock had previously closed at $49.00.

Other equities research analysts also recently issued research reports about the company. Citigroup increased their price target on Intapp from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Bank of America reduced their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Barclays raised their target price on Intapp from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 target price on shares of Intapp in a report on Wednesday, August 14th. Finally, UBS Group raised their target price on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.78.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 15,000 shares of Intapp stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $34.92, for a total transaction of $523,800.00. Following the completion of the transaction, the insider now owns 749,652 shares of the company’s stock, valued at approximately $26,177,847.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the sale, the chief operating officer now owns 668,239 shares in the company, valued at $32,950,865.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 15,000 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $34.92, for a total transaction of $523,800.00. Following the sale, the insider now owns 749,652 shares of the company’s stock, valued at $26,177,847.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 114,669 shares of company stock valued at $5,295,562. 36.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Intapp by 42.7% in the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after purchasing an additional 1,501,091 shares in the last quarter. Bamco Inc. NY bought a new stake in shares of Intapp during the first quarter valued at approximately $88,605,000. Clearbridge Investments LLC raised its holdings in Intapp by 64.0% in the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after acquiring an additional 301,238 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Intapp by 18.4% during the second quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock valued at $25,173,000 after buying an additional 106,668 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its holdings in shares of Intapp by 58.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 381,912 shares of the company’s stock valued at $13,100,000 after acquiring an additional 140,792 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Intapp Stock Performance

The firm has a market cap of $3.69 billion, a P/E ratio of -82.46 and a beta of 0.65. The business’s 50-day simple moving average is $40.81 and its 200 day simple moving average is $36.57.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $114.38 million for the quarter, compared to analysts’ expectations of $111.58 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) EPS. As a group, equities research analysts expect that Intapp, Inc. will post -0.15 EPS 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.