Intapp (NASDAQ:INTA) Shares Gap Up to $33.15

Intapp, Inc. (NASDAQ:INTA) shares gapped up before the market opened on Wednesday . The stock had previously closed at $33.15, but opened at $35.00. Intapp shares last traded at $35.36, with a volume of 269,329 shares.

Analysts Set New Price Targets

INTA has been the topic of several recent research reports. 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. BTIG Research cut their price target on Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup decreased their price target on Intapp from $57.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Oppenheimer reduced their price target on Intapp from $50.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Finally, Barclays dropped their price objective on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $47.22.

Intapp Stock Performance

The stock has a market cap of $2.59 billion, a price-to-earnings ratio of -43.66 and a beta of 0.56. The business has a fifty day simple moving average of $33.29 and a 200 day simple moving average of $37.13.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) 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 business had revenue of $103.93 million during the quarter, compared to the consensus estimate of $103.17 million. On average, equities research analysts anticipate that Intapp, Inc. will post -0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 15,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $38.91, for a total transaction of $583,650.00. Following the completion of the sale, the chief operating officer now directly owns 629,338 shares in the company, valued at approximately $24,487,541.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Donald F. Coleman sold 15,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $38.91, for a total transaction of $583,650.00. Following the completion of the sale, the chief operating officer now owns 629,338 shares in the company, valued at approximately $24,487,541.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George R. Neble sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares in the company, valued at approximately $911,494.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,106,704 shares of company stock valued at $258,088,735. Insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GW&K Investment Management LLC boosted its holdings 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 worth $48,054,000 after acquiring an additional 708,258 shares during the period. Vanguard Group Inc. lifted its position in shares of Intapp by 25.1% during the fourth quarter. Vanguard Group Inc. now owns 3,513,549 shares of the company’s stock worth $133,585,000 after purchasing an additional 704,268 shares in the last quarter. Jennison Associates LLC boosted its stake 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 valued at $38,626,000 after purchasing an additional 517,899 shares during the period. Fred Alger Management LLC acquired a new stake in Intapp during the 3rd quarter valued at $15,593,000. Finally, Ameriprise Financial Inc. grew its holdings in Intapp by 44.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after purchasing an additional 422,016 shares in the last quarter. Institutional investors and hedge funds 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.