Intapp (NASDAQ:INTA) Shares Up 6.7% – Should You Buy?

Intapp, Inc. (NASDAQ:INTA) shot up 6.7% on Friday . The stock traded as high as $64.18 and last traded at $64.18. 70,931 shares were traded during trading, a decline of 89% from the average session volume of 637,689 shares. The stock had previously closed at $60.15.

Analysts Set New Price Targets

A number of research analysts have weighed in on INTA shares. 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. Piper Sandler restated an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Citigroup increased their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Raymond James upped their price objective on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Truist Financial reiterated a “buy” rating and set a $55.00 target price (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

Intapp Trading Up 4.1 %

The firm has a market cap of $4.85 billion, a P/E ratio of -221.31 and a beta of 0.64. The firm has a 50-day simple moving average of $52.09 and a 200-day simple moving average of $42.81.

Intapp (NASDAQ:INTA) last posted its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. Research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In related news, CFO David H. Morton, Jr. sold 4,204 shares of Intapp stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $59.97, for a total transaction of $252,113.88. Following the completion of the sale, the chief financial officer now owns 27,331 shares of the company’s stock, valued at $1,639,040.07. The trade was a 13.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thad Jampol sold 31,666 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the completion of the sale, the insider now owns 772,412 shares in the company, valued at approximately $37,917,705.08. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 390,215 shares of company stock worth $21,267,180. 13.02% of the stock is owned by insiders.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. J.Safra Asset Management Corp lifted its holdings in shares of Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after buying an additional 615 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings 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 buying an additional 527 shares in the last quarter. Blue Trust Inc. acquired a new stake in Intapp during the second quarter valued at $30,000. Finally, Comerica Bank raised its position in shares of Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares during the period. 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.