Intapp (NASDAQ:INTA) Reaches New 52-Week High - Here's Why

Intapp, Inc. (NASDAQ:INTA - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $60.99 and last traded at $60.99, with a volume of 619 shares changing hands. The stock had previously closed at $59.39.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on INTA shares. Truist Financial reissued a "buy" rating and set a $55.00 target price (up previously from $47.00) on shares of Intapp in a research note on Tuesday, November 5th. Barclays boosted their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Piper Sandler reaffirmed an "overweight" rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Raymond James boosted their price target on shares of Intapp from $46.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Finally, Citigroup increased their price objective on shares of Intapp from $52.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.55.

Intapp Stock Performance

The company's 50-day simple moving average is $48.56 and its 200 day simple moving average is $40.52. The company has a market cap of $4.62 billion, a PE ratio of -210.31 and a beta of 0.64.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.15% and a negative net margin of 4.74%. The firm had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same period last year, the business posted ($0.20) earnings per share. Intapp's revenue was up 17.0% compared to the same quarter last year. Analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Transactions at Intapp

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 shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the completion of the transaction, the chief operating officer now owns 668,239 shares in the company, valued at $32,950,865.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Donald F. Coleman sold 58,003 shares of the company'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 transaction, the chief operating officer now directly owns 668,239 shares of the company's stock, valued at $32,950,865.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ralph Baxter sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the sale, the director now directly owns 5,624 shares in the company, valued at approximately $321,130.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 237,017 shares of company stock valued at $12,156,222. 13.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Intapp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in Intapp during the 3rd quarter worth $488,000. Advisors Asset Management Inc. boosted its position in shares of Intapp by 59.1% in the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company's stock worth $67,000 after buying an additional 519 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Intapp by 55.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 189,601 shares of the company's stock valued at $9,069,000 after buying an additional 67,912 shares in the last quarter. George Kaiser Family Foundation raised its holdings in shares of Intapp by 14.5% during the 3rd quarter. George Kaiser Family Foundation now owns 119,097 shares of the company's stock valued at $5,696,000 after buying an additional 15,127 shares during the period. Finally, Quest Partners LLC acquired a new position in Intapp during the 3rd quarter worth approximately $54,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.