Intapp (NASDAQ:INTA) Stock Price Up 6.7% - What's Next?

Key Points

• Intapp shares rose 6.7% to $41.72 in Friday trading, though volume was 76% below the average daily level.
• Analyst sentiment remains mixed, with three Buy, four Hold, and two Sell ratings; the consensus rating is Hold with a $40.71 price target.
• Intapp exceeded quarterly expectations, reporting $0.44 in EPS versus $0.40 expected and $161.26 million in revenue, up 16% year over year. However, insiders sold approximately $6.27 million of stock over the past quarter.

Shares of Intapp, Inc. (NASDAQ:INTA - Get Free Report) were up 6.7% during trading on Friday. The stock traded as high as $41.43 and last traded at $41.72. 233,872 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 961,782 shares. The stock had previously closed at $39.10.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Intapp in a research note on Wednesday, September 2nd. Barclays boosted their target price on Intapp from $29.00 to $38.00 and gave the stock an "underweight" rating in a research note on Monday, October 12th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Zacks Research raised Intapp from a "strong sell" rating to a "hold" rating in a research report on Friday, August 28th. Finally, Citigroup boosted their price objective on Intapp from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Intapp has an average rating of "Hold" and a consensus price target of $40.71.

Intapp Stock Performance

The firm has a 50-day moving average price of $40.01 and a two-hundred day moving average price of $30.22. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -115.44, a price-to-earnings-growth ratio of 15.58 and a beta of 0.34.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $161.26 million during the quarter, compared to the consensus estimate of $159.63 million. Intapp had a negative net margin of 4.71% and a negative return on equity of 1.64%. The company's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. Research analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, CEO John T. Hall sold 65,802 shares of Intapp stock in a transaction 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 transaction, the chief executive officer directly owned 5,814,808 shares in the company, valued at approximately $239,570,089.60. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David H. Morton, Jr. sold 10,000 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $40.88, for a total transaction of $408,800.00. Following the completion of the sale, the chief financial officer directly owned 120,074 shares of the company's stock, valued at $4,908,625.12. The trade was a 7.69% 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 quarter, insiders sold 149,184 shares of company stock valued at $6,268,066. Insiders own 11.87% of the company's stock.

Hedge Funds Weigh In On Intapp

Institutional investors have recently added to or reduced their stakes in the stock. GK Wealth Management LLC acquired a new position in shares of Intapp in the third quarter valued at approximately $41,000. Allworth Financial LP acquired a new position in shares of Intapp during the second quarter worth about $33,000. Harbor Investment Advisory LLC purchased a new position in Intapp during the second quarter worth about $36,000. Sterling Capital Management LLC boosted its holdings in Intapp by 800.5% in the 3rd 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 in the last quarter. Finally, Optiver Holding B.V. increased its position in Intapp by 2,232.1% during the 1st quarter. Optiver Holding B.V. now owns 1,819 shares of the company's stock worth $47,000 after purchasing an additional 1,741 shares during the period. Institutional investors and hedge funds 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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