Intapp (NASDAQ:INTA) Hits New 12-Month High - Here's Why

Key Points

• Intapp shares reached a new 52-week high of $48.01, above the consensus analyst price target of $39.14. Despite recent target increases from Truist and UBS, analysts remain split, resulting in a consensus “Hold” rating.
• In its latest quarter, Intapp reported EPS of $0.41 versus estimates of $0.36 and revenue of $152.53 million, up 13% year over year and ahead of consensus expectations.
• Institutional investors own nearly 90% of Intapp’s shares, while insiders have sold 146,184 shares worth approximately $6.1 million over the past 90 days, including sales by the CEO and another insider under pre-arranged trading plans.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Truist Financial boosted their price target on Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Piper Sandler raised their price objective on Intapp from $25.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Zacks Research raised Intapp from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. UBS Group boosted their target price on shares of Intapp from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, September 21st. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a report on Wednesday, September 2nd. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Intapp currently has a consensus rating of "Hold" and an average target price of $39.14.

Intapp Price Performance

The stock has a market capitalization of $3.69 billion, a PE ratio of -92.54, a P/E/G ratio of 17.50 and a beta of 0.34. The stock has a 50 day moving average of $39.66 and a two-hundred day moving average of $30.52.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%. The business had revenue of $152.53 million during the quarter, compared to the consensus estimate of $149.75 million. During the same period in the prior year, the firm posted $0.27 EPS. The business's revenue for the quarter was up 13.0% on a year-over-year basis. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, research analysts predict that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Activity at Intapp

In other Intapp news, CEO John Hall sold 65,802 shares of Intapp stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $41.20, for a total value of $2,711,042.40. Following the completion of the sale, the chief executive officer directly owned 5,814,808 shares in the company, valued at $239,570,089.60. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Harrison sold 40,284 shares of Intapp stock in a transaction dated 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 completion of the transaction, the insider owned 15,599 shares in the company, valued at $706,010.74. The trade was a 72.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 146,184 shares of company stock valued at $6,126,106. 11.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INTA. Bank of America Corp DE acquired a new stake in Intapp in the 2nd quarter valued at $12,344,000. TimesSquare Capital Management LLC acquired a new position in Intapp in the 2nd quarter valued at approximately $12,650,000. Alamar Capital Management LLC bought a new stake in Intapp during the second quarter valued at $2,040,000. AMS Capital Ltda boosted its stake in Intapp by 83.6% during the first quarter. AMS Capital Ltda now owns 324,186 shares of the company's stock worth $8,328,000 after acquiring an additional 147,567 shares in the last quarter. Finally, Praesidium Investment Management Company LLC acquired a new stake in Intapp in the 2nd quarter valued at $19,761,311. Institutional investors own 89.96% of the company's stock.

About Intapp

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.

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