Intapp (NASDAQ:INTA) Sees Unusually-High Trading Volume

Intapp, Inc. (NASDAQ:INTAGet Rating) saw unusually-strong trading volume on Monday . Approximately 2,769 shares changed hands during trading, a decline of 98% from the previous session’s volume of 128,947 shares.The stock last traded at $17.05 and had previously closed at $15.95.

Analyst Ratings Changes

Several equities research analysts have commented on INTA shares. Piper Sandler upped their price objective on shares of Intapp from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Raymond James dropped their price objective on shares of Intapp from $26.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, September 8th. Truist Financial dropped their price objective on shares of Intapp from $45.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. Finally, Oppenheimer dropped their price objective on shares of Intapp from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, June 17th.

Intapp Price Performance

The stock has a market capitalization of $1.05 billion, a PE ratio of -10.26 and a beta of 1.25. The business’s fifty day moving average price is $15.29 and its 200-day moving average price is $19.21.

Intapp (NASDAQ:INTAGet Rating) last announced its quarterly earnings results on Wednesday, September 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. Intapp had a negative net margin of 36.64% and a negative return on equity of 32.38%. During the same period in the prior year, the business earned ($0.39) EPS. On average, analysts expect that Intapp, Inc. will post -1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently bought and sold shares of INTA. Captrust Financial Advisors purchased a new stake in Intapp in the second quarter valued at approximately $41,000. Amalgamated Bank purchased a new stake in Intapp in the first quarter valued at approximately $53,000. Legal & General Group Plc raised its stake in Intapp by 19.5% in the second quarter. Legal & General Group Plc now owns 4,403 shares of the company’s stock valued at $65,000 after purchasing an additional 719 shares in the last quarter. Capital Impact Advisors LLC purchased a new stake in Intapp in the second quarter valued at approximately $94,000. Finally, PDT Partners LLC purchased a new stake in Intapp in the second quarter valued at approximately $155,000. 82.27% of the stock is owned by hedge funds and other institutional investors.

Intapp Company Profile

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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; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.

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