Intapp (NASDAQ:INTA) Hits New 52-Week High – Should You Buy?

Intapp, Inc. (NASDAQ:INTA) shares hit a new 52-week high on Wednesday . The company traded as high as $72.91 and last traded at $72.50, with a volume of 732436 shares. The stock had previously closed at $67.62.

Analysts Set New Price Targets

Several equities analysts recently commented on INTA shares. JPMorgan Chase & Co. increased their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. UBS Group increased their target price on Intapp from $84.00 to $89.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus lifted their price target on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays increased their price objective 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.36.

Intapp Price Performance

The stock has a market capitalization of $5.61 billion, a PE ratio of -250.00 and a beta of 0.73. The company has a 50 day moving average price of $65.50 and a 200-day moving average price of $52.35.

Intapp (NASDAQ:INTA) last released its quarterly 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. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The business had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. Following the sale, the insider now directly owns 828,197 shares of the company’s stock, valued at $51,223,984.45. This represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Scott Fitzgerald sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $64.38, for a total value of $193,140.00. Following the transaction, the chief marketing officer now directly owns 39,212 shares of the company’s stock, valued at $2,524,468.56. This represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 402,624 shares of company stock valued at $24,954,154 over the last three months. Corporate insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bleakley Financial Group LLC boosted its position in shares of Intapp by 18.7% in the 4th quarter. Bleakley Financial Group LLC now owns 6,442 shares of the company’s stock worth $413,000 after purchasing an additional 1,014 shares in the last quarter. Yorktown Management & Research Co Inc bought a new stake in Intapp in the fourth quarter worth $532,000. KBC Group NV grew its stake in shares of Intapp by 92.4% in the fourth quarter. KBC Group NV now owns 2,641 shares of the company’s stock worth $169,000 after acquiring an additional 1,268 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Intapp by 36.0% during the fourth quarter. Blue Trust Inc. now owns 2,908 shares of the company’s stock valued at $186,000 after acquiring an additional 769 shares in the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in shares of Intapp during the fourth quarter valued at $25,000. 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.