Intapp (NASDAQ:INTA) Shares Up 5.8% – Time to Buy?

Intapp, Inc. (NASDAQ:INTA)’s share price traded up 5.8% during mid-day trading on Friday . The company traded as high as $67.12 and last traded at $67.04. 238,205 shares changed 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

Several equities analysts have recently weighed in on INTA shares. Barclays raised their price target on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Truist Financial lifted their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus upped their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Piper Sandler reissued an “overweight” rating and set a $60.00 price objective (up from $46.00) on shares of Intapp in a research report 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Intapp Trading Up 5.9 %

The company has a 50 day simple moving average of $62.75 and a 200 day simple moving average of $49.51. The stock has a market capitalization of $5.19 billion, a PE ratio of -231.21 and a beta of 0.73.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 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 company had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter last year, the business earned ($0.20) EPS. The business’s revenue was up 17.0% on a year-over-year basis. On average, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other Intapp news, Director Ralph Baxter sold 9,289 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $70.14, for a total transaction of $651,530.46. Following the sale, the director now directly owns 9,441 shares in the company, valued at approximately $662,191.74. The trade was a 49.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $49.23, for a total transaction of $246,150.00. Following the completion of the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,897,405.97. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 407,624 shares of company stock worth $25,200,304. Company insiders own 13.02% of the company’s stock.

Institutional Investors Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted 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 purchasing an additional 527 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Intapp in the third quarter valued at $54,000. Financial Management Professionals Inc. acquired a new position in shares of Intapp during the 3rd quarter worth $57,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Intapp in the 3rd quarter worth about $64,000. Finally, Advisors Asset Management Inc. grew its stake in Intapp by 59.1% in the 3rd 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. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Intapp

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.