Intapp (NASDAQ:INTA) Reaches New 12-Month High – What’s Next?

Intapp, Inc. (NASDAQ:INTA) shares hit a new 52-week high during trading on Friday. The company traded as high as $48.01 and last traded at $48.0110, with a volume of 321,072 shares trading hands. The stock had previously closed at $47.18.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. UBS Group boosted their price objective on Intapp from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. Truist Financial increased their target price on Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a research report on Wednesday, September 2nd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.14.

Intapp Stock Performance

The business’s 50-day moving average is $39.82 and its two-hundred day moving average is $30.64. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of -92.29, a P/E/G ratio of 18.53 and a beta of 0.34.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The company had revenue of $152.53 million for the quarter, compared to analysts’ expectations of $149.75 million. During the same period last year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Analysts forecast that Intapp, Inc. will post 0.07 EPS for the current year.

Insider Activity at Intapp

In other news, CEO John T. Hall sold 65,802 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $41.20, for a total transaction of $2,711,042.40. Following the completion of the transaction, the chief executive officer directly owned 5,814,808 shares of the company’s stock, valued at $239,570,089.60. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Harrison sold 40,284 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $45.26, for a total value of $1,823,253.84. Following the transaction, the insider directly owned 15,599 shares of the company’s stock, valued at approximately $706,010.74. This trade represents a 72.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 146,184 shares of company stock worth $6,126,106. Corporate insiders own 11.87% of the company’s stock.

Hedge Funds Weigh In On Intapp

Large investors have recently modified their holdings of the business. Sterling Capital Management LLC boosted its position in Intapp by 800.5% during the third quarter. Sterling Capital Management LLC now owns 1,774 shares of the company’s stock valued at $64,000 after purchasing an additional 1,577 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Intapp by 162.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,125 shares of the company’s stock worth $113,000 after acquiring an additional 1,933 shares during the last quarter. GK Wealth Management LLC acquired a new position in shares of Intapp during the 3rd quarter worth approximately $41,000. Argent Capital Management LLC bought a new stake in Intapp in the 3rd quarter valued at $674,000. Finally, Versant Capital Management Inc raised its stake in Intapp by 109.5% in the 3rd quarter. Versant Capital Management Inc now owns 1,823 shares of the company’s stock valued at $66,000 after acquiring an additional 953 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Company Profile

Intapp, Inc develops cloud-based software for professional and financial services firms. Its platform is designed to help organizations manage client and relationship data, business development, risk and compliance processes, collaboration, time tracking, billing, and operational workflows.

The company’s product portfolio includes solutions for relationship management and deal management, professional-services time and billing, conflicts and compliance, document and information management, secure collaboration, and workflow automation.