Intapp (NASDAQ:INTA) Stock Jumps 6.7% – Time to Buy?

Intapp, Inc. (NASDAQ:INTA)’s share price shot up 6.7% during trading on Friday. The company 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 session volume of 961,782 shares. The stock had previously closed at $39.10.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on INTA shares. Zacks Research raised shares of Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Citigroup raised their price objective on shares of Intapp from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group reissued a “mixed” rating on shares of Intapp in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a research note on Wednesday, September 2nd. Finally, Barclays raised their price objective on Intapp from $29.00 to $38.00 and gave the company an “underweight” rating in a research note on Monday, October 12th. Three equities 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.71.

Intapp Stock Performance

The company’s fifty day simple moving average is $40.01 and its two-hundred day simple moving average is $30.22. The stock has a market capitalization of $3.19 billion, a PE ratio of -115.44, a P/E/G ratio of 15.58 and a beta of 0.34.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Intapp had a negative net margin of 4.71% and a negative return on equity of 1.64%. The business had revenue of $161.26 million for the quarter, compared to analyst estimates of $159.63 million. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Sell-side analysts forecast that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Insider Activity at Intapp

In other Intapp news, CEO John Hall sold 3,000 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $47.32, for a total transaction of $141,960.00. Following the sale, the chief executive officer owned 5,814,808 shares in the company, valued at approximately $275,156,714.56. This represents a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Harrison sold 40,284 shares of the business’s stock in a transaction 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 completion of 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 ownership of the stock. 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 90 days, insiders have sold 149,184 shares of company stock valued at $6,268,066. 11.87% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in Intapp during the second quarter worth approximately $12,344,000. TimesSquare Capital Management LLC purchased a new stake in shares of Intapp during the 2nd quarter valued at $12,650,000. Alamar Capital Management LLC purchased a new stake in shares of Intapp during the 2nd quarter valued at $2,040,000. AMS Capital Ltda increased its holdings in shares of Intapp by 83.6% during the 1st quarter. AMS Capital Ltda now owns 324,186 shares of the company’s stock worth $8,328,000 after buying an additional 147,567 shares during the last quarter. Finally, Praesidium Investment Management Company LLC acquired a new stake in shares of Intapp during the 2nd quarter worth $19,761,311. 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.