Intapp, Inc. (NASDAQ:INTA) Short Interest Up 5.0% in September

Intapp, Inc. (NASDAQ:INTA) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 3,560,000 shares, a growth of 5.0% from the August 31st total of 3,390,000 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average trading volume of 649,800 shares, the short-interest ratio is presently 5.5 days.

Insider Transactions at Intapp

In other news, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $32,950,865.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Intapp news, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $34.92, for a total value of $523,800.00. Following the sale, the insider now owns 749,652 shares of the company’s stock, valued at approximately $26,177,847.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Donald F. Coleman sold 58,003 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the transaction, the chief operating officer now owns 668,239 shares in the company, valued at approximately $32,950,865.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,239 shares of company stock valued at $6,674,331. Insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INTA. Clearbridge Investments LLC raised its stake in Intapp by 64.0% in the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its position in shares of Intapp by 384.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 69,718 shares of the company’s stock valued at $2,557,000 after buying an additional 55,318 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Intapp by 13.3% in the second quarter. The Manufacturers Life Insurance Company now owns 24,551 shares of the company’s stock worth $900,000 after buying an additional 2,891 shares in the last quarter. Millennium Management LLC boosted its position in Intapp by 30.1% during the second quarter. Millennium Management LLC now owns 357,437 shares of the company’s stock worth $13,107,000 after acquiring an additional 82,761 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in Intapp by 18.3% during the 2nd quarter. Squarepoint Ops LLC now owns 135,517 shares of the company’s stock valued at $4,969,000 after acquiring an additional 20,972 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $47.83 on Tuesday. The stock has a 50 day moving average price of $41.83 and a 200 day moving average price of $36.99. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of -78.41 and a beta of 0.65. Intapp has a 52-week low of $30.36 and a 52-week high of $51.80.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The firm had revenue of $114.38 million during the quarter, compared to analysts’ expectations of $111.58 million. During the same quarter in the prior year, the company earned ($0.14) EPS. The company’s revenue was up 20.9% compared to the same quarter last year. Analysts forecast that Intapp will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on INTA. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research report on Monday, July 8th. Stifel Nicolaus lifted their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Barclays upped their price objective on shares of Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Citigroup raised their target price on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, UBS Group boosted their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Intapp has an average rating of “Moderate Buy” and a consensus target price of $50.00.

About Intapp

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.