Intapp (NASDAQ:INTA) Stock Price Up 4% – Still a Buy?

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INTA shares. Piper Sandler restated an “overweight” rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group upped their target price on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Raymond James reissued a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Citigroup reiterated a “neutral” rating and issued a $78.00 price objective (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Stock Performance

The business’s 50-day moving average is $66.67 and its two-hundred day moving average is $60.12. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of -212.37 and a beta of 0.76.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) 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%. Analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling

In related news, CEO John T. Hall sold 8,000 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $57.15, for a total transaction of $457,200.00. Following the completion of the transaction, the chief executive officer now directly owns 5,236,895 shares in the company, valued at approximately $299,288,549.25. This trade represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michele Murgel sold 1,962 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $60.00, for a total value of $117,720.00. Following the completion of the sale, the insider now owns 182,462 shares in the company, valued at $10,947,720. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 184,827 shares of company stock worth $11,825,658 over the last ninety days. Company insiders own 13.02% of the company’s stock.

Institutional Trading of Intapp

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Intapp by 11.8% in the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after purchasing an additional 672,832 shares in the last quarter. FMR LLC increased its holdings in Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after buying an additional 411,434 shares during the last quarter. Bamco Inc. NY lifted its stake in Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after acquiring an additional 34,409 shares during the last quarter. Invesco Ltd. grew its position in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after acquiring an additional 1,950,526 shares during the period. Finally, Praesidium Investment Management Company LLC increased its position in Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after buying an additional 256,327 shares during the last quarter. 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.