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

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

Analyst Upgrades and Downgrades

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

Intapp Stock Performance

The stock’s fifty day moving average is $36.06 and its two-hundred day moving average is $37.50. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -39.01 and a beta of 0.51.

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

Insider Buying and Selling at Intapp

In other Intapp news, CMO Scott Fitzgerald sold 8,119 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.02, for a total transaction of $365,517.38. Following the transaction, the chief marketing officer now owns 29,568 shares of the company’s stock, valued at approximately $1,331,151.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Intapp news, CMO Scott Fitzgerald sold 8,119 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.02, for a total transaction of $365,517.38. Following the transaction, the chief marketing officer now owns 29,568 shares of the company’s stock, valued at approximately $1,331,151.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George R. Neble sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the transaction, the director now owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,200,163 shares of company stock valued at $262,243,874. Company insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several large investors have recently made changes to their positions in INTA. GW&K Investment Management LLC boosted its position in shares of Intapp by 127.5% during the 4th quarter. GW&K Investment Management LLC now owns 1,263,894 shares of the company’s stock valued at $48,054,000 after purchasing an additional 708,258 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Intapp by 25.1% during the 4th quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock valued at $133,585,000 after purchasing an additional 704,268 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Intapp by 81.6% during the 3rd quarter. Jennison Associates LLC now owns 1,152,317 shares of the company’s stock valued at $38,626,000 after purchasing an additional 517,899 shares in the last quarter. Fred Alger Management LLC bought a new position in shares of Intapp during the 3rd quarter valued at about $15,593,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Intapp by 44.8% in the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after buying an additional 422,016 shares during the period. Institutional investors own 89.96% of the company’s stock.

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.