Intapp (NASDAQ:INTA) Stock Price Up 6.7% - What's Next?

Intapp, Inc. (NASDAQ:INTA - Get Free Report) shot up 6.7% during mid-day trading on Friday . The stock traded as high as $64.18 and last traded at $64.18. 70,931 shares were traded during mid-day 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

Several equities research analysts have commented on INTA shares. Citigroup boosted their price objective on Intapp from $52.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. increased their price objective on Intapp from $52.00 to $58.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Barclays raised their price objective on Intapp from $44.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Raymond James increased their target price on shares of Intapp from $46.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Finally, Piper Sandler restated an "overweight" rating and set a $60.00 price target (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Intapp currently has an average rating of "Moderate Buy" and an average target price of $53.55.

Intapp Price Performance

The firm has a 50 day moving average of $52.58 and a two-hundred day moving average of $43.15. The stock has a market cap of $4.84 billion, a PE ratio of -215.69 and a beta of 0.64.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company's 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) EPS. As a group, equities analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO David H. Morton, Jr. sold 4,204 shares of the stock in a transaction on Friday, November 22nd. The shares were 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 in the company, valued at $1,639,040.07. This represents a 13.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John T. Hall sold 44,009 shares of Intapp stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $2,609,733.70. Following the completion of the transaction, the chief executive officer now owns 5,093,692 shares in the company, valued at approximately $302,055,935.60. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 390,215 shares of company stock valued at $21,267,180. 13.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intapp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its position in Intapp by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company's stock worth $1,187,000 after buying an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company's stock worth $265,000 after acquiring an additional 373 shares during the period. Advisors Asset Management Inc. raised its holdings in Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company's stock worth $67,000 after purchasing an additional 519 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock valued at $28,000 after purchasing an additional 527 shares during the period. Finally, J.Safra Asset Management Corp boosted its holdings in 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 purchasing an additional 615 shares in the last quarter. Hedge funds and other institutional investors 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.