Intapp (NASDAQ:INTA) Trading Up 5.8% – Still a Buy?

Shares of Intapp, Inc. (NASDAQ:INTA) shot up 5.8% during trading on Friday . The stock traded as high as $67.12 and last traded at $67.04. 238,205 shares traded hands during trading, a decline of 47% from the average session volume of 450,215 shares. The stock had previously closed at $63.34.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INTA shares. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Barclays increased their price objective on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Stifel Nicolaus raised their price objective on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target (up from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and an average price target of $60.64.

Intapp Stock Performance

The company has a market cap of $5.19 billion, a price-to-earnings ratio of -231.21 and a beta of 0.73. The company’s fifty day moving average is $62.75 and its two-hundred day moving average is $49.51.

Intapp (NASDAQ:INTA) last issued its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter last year, the company posted ($0.20) earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Intapp

In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $49.23, for a total value of $246,150.00. Following the completion of the transaction, the chief operating officer now owns 668,239 shares in the company, valued at approximately $32,897,405.97. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. Following the sale, the insider now owns 828,197 shares in the company, valued at $51,223,984.45. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 407,624 shares of company stock valued at $25,200,304. 13.02% 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 business. Farther Finance Advisors LLC raised its position in 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 acquiring an additional 527 shares during the period. Quest Partners LLC purchased a new position in Intapp in the 3rd quarter valued at about $54,000. Financial Management Professionals Inc. acquired a new stake in Intapp in the 3rd quarter worth about $57,000. Wilmington Savings Fund Society FSB purchased a new stake in Intapp during the 3rd quarter worth approximately $64,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after acquiring an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.