Intapp, Inc. (NASDAQ:INTA) Short Interest Up 5.0% in September

Intapp, Inc. (NASDAQ:INTA) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 3,560,000 shares, a growth of 5.0% from the August 31st total of 3,390,000 shares. Based on an average daily volume of 649,800 shares, the short-interest ratio is currently 5.5 days. Approximately 5.3% of the company’s shares are sold short.

Intapp Stock Up 1.3 %

INTA stock opened at $48.47 on Wednesday. The business has a 50 day moving average of $42.06 and a 200 day moving average of $37.09. The firm has a market cap of $3.56 billion, a PE ratio of -79.46 and a beta of 0.65. Intapp has a twelve month low of $30.36 and a twelve month high of $51.80.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $114.38 million for the quarter, compared to the consensus estimate of $111.58 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. Intapp’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.14) EPS. On average, research analysts expect that Intapp will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Piper Sandler reissued an “overweight” rating and set a $46.00 target price on shares of Intapp in a research note on Wednesday, August 14th. Bank of America dropped their price target on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. UBS Group boosted their price objective on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Insiders Place Their Bets

In other 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 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 document filed with the SEC, which can be accessed through this link. In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thad Jampol sold 15,000 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $34.92, for a total transaction of $523,800.00. Following the transaction, the insider now directly owns 749,652 shares of the company’s stock, valued at $26,177,847.84. The disclosure for this sale can be found here. Insiders sold 141,239 shares of company stock valued at $6,674,331 over the last three months. Insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. J.Safra Asset Management Corp lifted its stake in Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares during the period. Advisors Asset Management Inc. boosted its holdings in Intapp by 239.1% in the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the last quarter. Blue Trust Inc. bought a new stake in Intapp in the 2nd quarter worth approximately $30,000. Comerica Bank raised its stake in Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after buying an additional 865 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Intapp by 52.0% during the 1st quarter. Covestor Ltd now owns 2,395 shares of the company’s stock valued at $82,000 after buying an additional 819 shares during the period. 89.96% of the stock is owned by 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.