Intapp (NASDAQ:INTA) Sets New 52-Week Low at $30.58

Intapp, Inc. (NASDAQ:INTA)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $30.58 and last traded at $30.78, with a volume of 22007 shares changing hands. The stock had previously closed at $31.08.

Analyst Upgrades and Downgrades

INTA has been the topic of several recent analyst reports. Barclays reduced their target price on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Citigroup initiated coverage on shares of Intapp in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $57.00 target price on the stock. Piper Sandler restated an “overweight” rating and issued a $52.00 target price on shares of Intapp in a research note on Monday, February 26th. Stifel Nicolaus boosted their target price on shares of Intapp from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Truist Financial boosted their target price on shares of Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $49.22.

Intapp Stock Down 0.4 %

The stock has a fifty day moving average of $36.06 and a 200-day moving average of $37.50. The firm has a market capitalization of $2.28 billion, a P/E ratio of -39.01 and a beta of 0.51.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $103.93 million during the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. As a group, analysts forecast that Intapp, Inc. will post -0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, CMO Scott Fitzgerald sold 1,363 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $45.00, for a total transaction of $61,335.00. Following the completion of the sale, the chief marketing officer now directly owns 29,568 shares of the company’s stock, valued at approximately $1,330,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Scott Fitzgerald sold 1,363 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $45.00, for a total value of $61,335.00. Following the completion of the sale, the chief marketing officer now directly owns 29,568 shares of the company’s stock, valued at approximately $1,330,560. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John T. Hall sold 30,344 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total value of $1,221,952.88. Following the completion of the sale, the chief executive officer now directly owns 4,708,775 shares of the company’s stock, valued at $189,622,369.25. The disclosure for this sale can be found here. In the last three months, insiders sold 7,200,163 shares of company stock valued at $262,243,874. 36.56% of the stock is currently owned by insiders.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Intapp by 60.0% in the 3rd quarter. Wellington Management Group LLP now owns 989,722 shares of the company’s stock valued at $33,175,000 after acquiring an additional 371,181 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Intapp by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,809,281 shares of the company’s stock valued at $94,167,000 after acquiring an additional 260,610 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Intapp by 27.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,375 shares of the company’s stock valued at $6,381,000 after acquiring an additional 40,444 shares during the last quarter. Scout Investments Inc. acquired a new position in shares of Intapp in the 3rd quarter valued at approximately $5,145,000. Finally, Ameriprise Financial Inc. grew its position in shares of Intapp by 44.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after purchasing an additional 422,016 shares during the period. 89.96% of the stock is owned by institutional investors.

Intapp Company Profile

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.