Intapp (NASDAQ:INTA) Trading Up 4% - Here's Why

Shares of Intapp, Inc. (NASDAQ:INTA - Get Free Report) traded up 4% during trading on Tuesday . The company traded as high as $63.98 and last traded at $64.06. 222,409 shares changed hands during trading, a decline of 65% from the average session volume of 638,235 shares. The stock had previously closed at $61.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped 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. Raymond James reissued a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Truist Financial raised their price target on Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, UBS Group boosted their price objective on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Intapp currently has a consensus rating of "Moderate Buy" and an average price target of $66.45.

Intapp Price Performance

The stock has a 50 day simple moving average of $66.42 and a 200-day simple moving average of $60.35. The firm has a market cap of $4.76 billion, a PE ratio of -206.58 and a beta of 0.76.

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Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, equities analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insider Activity

In other Intapp news, CEO John T. Hall sold 33,227 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total transaction of $2,287,014.41. Following the transaction, the chief executive officer now owns 5,258,576 shares of the company's stock, valued at approximately $361,947,786.08. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michele Murgel sold 23,404 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $60.13, for a total transaction of $1,407,282.52. Following the transaction, the insider now owns 185,220 shares of the company's stock, valued at approximately $11,137,278.60. This trade represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,827 shares of company stock worth $11,825,658 over the last 90 days. Corporate insiders own 13.02% of the company's stock.

Institutional Investors Weigh In On Intapp

A number of hedge funds and other institutional investors have recently made changes to their positions in INTA. Quest Partners LLC acquired a new position in Intapp during the third quarter worth $54,000. Advisors Asset Management Inc. raised its holdings 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 buying an additional 519 shares during the period. Intech Investment Management LLC acquired a new position in Intapp during the third quarter worth $488,000. Charles Schwab Investment Management Inc. lifted its stake in Intapp by 17.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 380,972 shares of the company's stock worth $18,222,000 after acquiring an additional 57,497 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Intapp in the third quarter valued at approximately $468,000. Institutional investors and hedge funds 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.