Intapp (NASDAQ:INTA) Trading 6% Higher After Analyst Upgrade

Intapp, Inc. (NASDAQ:INTA - Get Free Report) shares traded up 6% on Tuesday after UBS Group raised their price target on the stock from $84.00 to $89.00. UBS Group currently has a buy rating on the stock. Intapp traded as high as $71.07 and last traded at $71.71. 98,397 shares traded hands during trading, a decline of 83% from the average session volume of 569,484 shares. The stock had previously closed at $67.62.

A number of other research analysts also recently weighed in on INTA. Citigroup reissued a "neutral" rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Raymond James restated a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Truist Financial lifted their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, December 13th. JPMorgan Chase & Co. lifted their price objective on Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Finally, Barclays increased their target price on Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Intapp presently has a consensus rating of "Moderate Buy" and an average price target of $63.36.

Insider Buying and Selling

In other news, COO Donald F. Coleman sold 35,778 shares of Intapp stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total value of $1,940,240.94. Following the completion of the sale, the chief operating officer now directly owns 668,239 shares of the company's stock, valued at approximately $36,238,600.97. This trade represents a 5.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Baxter sold 50,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $57.10, for a total value of $2,855,000.00. Following the completion of the transaction, the director now owns 5,624 shares in the company, valued at approximately $321,130.40. This represents a 89.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 402,624 shares of company stock worth $24,954,154 in the last 90 days. Corporate insiders own 13.02% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Luxor Capital Group LP acquired a new stake in Intapp during the 3rd quarter worth $47,837,000. FMR LLC increased its stake in shares of Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company's stock valued at $270,668,000 after acquiring an additional 411,434 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock valued at $71,392,000 after acquiring an additional 343,275 shares during the period. Clearbridge Investments LLC grew its holdings in Intapp by 64.0% during the second quarter. Clearbridge Investments LLC now owns 772,255 shares of the company's stock valued at $28,319,000 after purchasing an additional 301,238 shares during the period. Finally, Praesidium Investment Management Company LLC increased its stake in Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company's stock valued at $92,316,000 after purchasing an additional 256,327 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Intapp Stock Down 1.7 %

The company's fifty day simple moving average is $66.03 and its two-hundred day simple moving average is $52.63. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of -246.03 and a beta of 0.73.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to analysts' expectations of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. Intapp's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.20) EPS. Equities research analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

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.