Intapp (NASDAQ:INTA) Hits New 12-Month Low at $30.58

Intapp, Inc. (NASDAQ:INTA - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company 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.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Piper Sandler restated an "overweight" rating and set a $52.00 price target on shares of Intapp in a research note on Monday, February 26th. Barclays dropped their target price on Intapp from $47.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, April 11th. Citigroup assumed coverage on Intapp in a report on Tuesday, January 23rd. They issued a "buy" rating and a $57.00 target price on the stock. Stifel Nicolaus raised their price objective on Intapp from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Finally, Truist Financial increased their target price on shares of Intapp from $46.00 to $47.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $49.22.

Intapp Stock Performance

The stock's 50-day moving average price is $36.22 and its 200-day moving average price is $37.55. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -39.16 and a beta of 0.51.

Intapp (NASDAQ:INTA - Get Free Report) last posted 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. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. The company had revenue of $103.93 million during the quarter, compared to the consensus estimate of $103.17 million. Analysts anticipate that Intapp, Inc. will post -0.53 earnings per share for the current year.

Insider Transactions at Intapp

In other Intapp news, CEO John T. Hall sold 30,344 shares of Intapp stock in a transaction on 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 transaction, the chief executive officer now owns 4,708,775 shares in the company, valued at approximately $189,622,369.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Intapp news, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $36.27, for a total value of $253,890,000.00. Following the transaction, the insider now owns 6,738,269 shares in the company, valued at approximately $244,397,016.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Hall sold 30,344 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total transaction of $1,221,952.88. Following the completion of the transaction, the chief executive officer now owns 4,708,775 shares in the company, valued at approximately $189,622,369.25. The disclosure for this sale can be found here. Insiders sold a total of 7,200,163 shares of company stock valued at $262,243,874 in the last ninety days. Corporate insiders own 36.56% of the company's stock.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position 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 worth $33,175,000 after purchasing an additional 371,181 shares during the last quarter. Vanguard Group Inc. increased its position 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 worth $94,167,000 after purchasing an additional 260,610 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 worth $6,381,000 after purchasing an additional 40,444 shares during the last quarter. Scout Investments Inc. bought a new stake in shares of Intapp in the 3rd quarter worth about $5,145,000. Finally, Ameriprise Financial Inc. increased 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 worth $45,690,000 after purchasing an additional 422,016 shares during the last quarter. Institutional investors and hedge funds 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.