Intapp, Inc. (NASDAQ:INTA) Short Interest Up 6.1% in December

Intapp, Inc. (NASDAQ:INTA - Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,960,000 shares, a growth of 6.1% from the November 30th total of 2,790,000 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average daily volume of 631,500 shares, the short-interest ratio is currently 4.7 days.

Insider Buying and Selling

In other news, Director Ralph Baxter sold 9,289 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $70.14, for a total transaction of $651,530.46. Following the completion of the sale, the director now owns 9,441 shares in the company, valued at approximately $662,191.74. This trade represents a 49.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John T. Hall sold 70,986 shares of Intapp 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 sale, the chief executive officer now directly owns 5,026,096 shares of the company's stock, valued at $345,946,187.68. The trade was a 1.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 409,624 shares of company stock worth $24,909,164. Company insiders own 13.02% of the company's stock.

Institutional Trading of Intapp

Large investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Intapp by 7.8% in the third quarter. FMR LLC now owns 5,658,957 shares of the company's stock worth $270,668,000 after acquiring an additional 411,434 shares during the last quarter. Bamco Inc. NY lifted its stake in Intapp by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company's stock valued at $136,337,000 after purchasing an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC lifted its stake in Intapp by 15.3% in the 3rd 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 during the last quarter. Loomis Sayles & Co. L P boosted its position in Intapp by 29.9% in the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company's stock valued at $71,392,000 after buying an additional 343,275 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Intapp by 9.9% during the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock worth $50,291,000 after buying an additional 95,035 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Down 1.4 %

Shares of NASDAQ:INTA traded down $0.93 during midday trading on Wednesday, hitting $64.09. The stock had a trading volume of 416,230 shares, compared to its average volume of 645,465. The company has a market capitalization of $4.96 billion, a P/E ratio of -221.00 and a beta of 0.74. The company's 50-day moving average price is $60.57 and its 200-day moving average price is $47.92. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $71.34.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating 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% on a year-over-year basis. During the same period in the previous year, the business earned ($0.20) earnings per share. Research analysts expect that Intapp will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTA. Truist Financial boosted their price objective on Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Stifel Nicolaus upped their price objective on Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Barclays increased their price objective on Intapp from $44.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Citigroup boosted their target price on shares of Intapp from $63.00 to $87.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, Raymond James raised their price target on shares of Intapp from $46.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Intapp currently has an average rating of "Moderate Buy" and an average target price of $60.64.

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.