Intapp (NASDAQ:INTA) Hits New 1-Year Low at $30.58

Intapp, Inc. (NASDAQ:INTA) shares hit a new 52-week low 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 Ratings Changes

A number of equities analysts recently weighed in on the company. Citigroup assumed coverage on Intapp in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $57.00 price target 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 research report on Wednesday, February 7th. Barclays reduced their target price on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Truist Financial boosted their price objective on Intapp from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $52.00 price objective on shares of Intapp in a report on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intapp has a consensus rating of “Buy” and a consensus price target of $49.22.

Intapp Price Performance

The firm has a 50-day moving average of $36.49 and a 200 day moving average of $37.56. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of -38.69 and a beta of 0.51.

Intapp (NASDAQ:INTA) last released its quarterly earnings data 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 return on equity of 12.98% and a negative net margin of 13.81%. The company had revenue of $103.93 million during the quarter, compared to analysts’ expectations of $103.17 million. On average, equities analysts forecast that Intapp, Inc. will post -0.53 earnings per share for the current year.

Insider Activity

In other news, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $36.27, for a total value of $253,890,000.00. Following the completion of the sale, the insider now directly owns 6,738,269 shares of the company’s stock, valued at $244,397,016.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Thad Jampol sold 25,898 shares of Intapp stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $44.58, for a total value of $1,154,532.84. Following the transaction, the insider now owns 707,650 shares in the company, valued at approximately $31,547,037. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the firm’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 sale, the insider now directly owns 6,738,269 shares in the company, valued at approximately $244,397,016.63. 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 over the last three months. Insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GW&K Investment Management LLC increased its position in Intapp by 127.5% in 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 buying an additional 708,258 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Intapp by 25.1% in the fourth quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock worth $133,585,000 after acquiring an additional 704,268 shares during the period. Jennison Associates LLC boosted its holdings in shares of Intapp by 81.6% in the third quarter. Jennison Associates LLC now owns 1,152,317 shares of the company’s stock worth $38,626,000 after acquiring an additional 517,899 shares during the period. Fred Alger Management LLC bought a new stake in Intapp during the third quarter valued at $15,593,000. Finally, Ameriprise Financial Inc. boosted its stake in Intapp by 44.8% during the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after buying an additional 422,016 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

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.