Intapp (NASDAQ:INTA) Stock Price Up 5.8% - What's Next?

Intapp, Inc. (NASDAQ:INTA - Get Free Report) traded up 5.8% during trading on Friday . The company traded as high as $67.12 and last traded at $67.04. 238,205 shares were traded during mid-day 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 research firms have commented on INTA. Citigroup increased their price objective on shares of Intapp from $63.00 to $87.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Truist Financial boosted their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Raymond James reaffirmed a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Barclays lifted their price target on Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus lifted their price objective on Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Intapp presently has a consensus rating of "Moderate Buy" and an average target price of $60.64.

Intapp Stock Performance

The firm has a market capitalization of $5.19 billion, a PE ratio of -231.21 and a beta of 0.73. The stock's 50 day simple moving average is $62.40 and its two-hundred day simple moving average is $49.18.

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

Insider Activity

In other Intapp news, insider Thad Jampol sold 20,174 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $59.30, for a total value of $1,196,318.20. Following the transaction, the insider now owns 803,400 shares of the company's stock, valued at $47,641,620. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John T. Hall sold 70,986 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the sale, the chief executive officer now directly owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. This trade represents a 1.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 407,624 shares of company stock valued at $25,200,304 over the last 90 days. Insiders own 13.02% of the company's stock.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Intapp by 127.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 12,600 shares of the company's stock worth $808,000 after buying an additional 7,061 shares during the last quarter. Diversified Trust Co acquired a new position in Intapp during the 4th quarter worth $264,000. Nordea Investment Management AB boosted its holdings in Intapp by 3.7% in the fourth quarter. Nordea Investment Management AB now owns 105,940 shares of the company's stock valued at $6,860,000 after acquiring an additional 3,819 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Intapp by 28.4% during the third quarter. Franklin Resources Inc. now owns 456,619 shares of the company's stock worth $22,173,000 after buying an additional 100,982 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Intapp in the 3rd quarter valued at $64,000. 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.