Intapp Inc. (NASDAQ: INTA) stock fell -1.64% on Friday to $35.38 against a previous-day closing price of $35.97. With 1.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $36.03 whereas the lowest price it dropped to was $34.54. The 52-week range on INTA shows that it touched its highest point at $50.46 and its lowest point at $15.86 during that stretch. It currently has a 1-year price target of $47.67. Beta for the stock currently stands at 0.56.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INTA was up-trending over the past week, with a rise of 0.06%, but this was down by -1.37% over a month. Three-month performance dropped to -26.60% while six-month performance fell -13.16%. The stock gained 120.02% in the past year, while it has gained 41.86% so far this year. A look at the trailing 12-month EPS for INTA yields -1.08 with Next year EPS estimates of 0.40. For the next quarter, that number is 0.03. This implies an EPS growth rate of 33.60% for this year and 74.14% for next year.
Float and Shares Shorts:
At present, 66.72 million INTA shares are outstanding with a float of 46.59 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.19 million, which was 1.72% higher than short shares on Jul 30, 2023. In addition to Mr. John T. Hall as the firm’s Chairman & CEO, Mr. Thad Jampol serves as its Co-Founder & Chief Product Officer.
Institutional Ownership:
Through their ownership of 76.11% of INTA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.40% of INTA, in contrast to 45.22% held by mutual funds. Shares owned by individuals account for 19.99%. As the largest shareholder in INTA with 30.04% of the stake, Temasek Holdings Pte Ltd. holds 19,646,805 shares worth 19,646,805. A second-largest stockholder of INTA, Fidelity Management & Research Co, holds 3,936,808 shares, controlling over 6.02% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in INTA, holding 2,499,029 shares or 3.82% stake. With a 2.25% stake in INTA, the Fidelity Advisor Series I -Growth is the largest stakeholder. A total of 1,473,769 shares are owned by the mutual fund manager. The Fidelity Small Cap Growth Fund, which owns about 1.29% of INTA stock, is the second-largest Mutual Fund holder. It holds 842,307 shares valued at 30.84 million. Vanguard Total Stock Market ETF holds 1.12% of the stake in INTA, owning 734,867 shares worth 26.9 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, INTA reported revenue of $75.52M and operating income of -$22.83M. The EBITDA in the recently reported quarter was -$19.76M and diluted EPS was -$0.35.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INTA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With INTA analysts setting a high price target of $55.00 and a low target of $43.00, the average target price over the next 12 months is $47.40. Based on these targets, INTA could surge 55.46% to reach the target high and rise by 21.54% to reach the target low. Reaching the average price target will result in a growth of 33.97% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded INTA stock several times over the past three months with 17 Buys and 38 Sells. In these transactions, 337,563 shares were bought while 230,118 shares were sold. The number of buy transactions has increased to 112 while that of sell transactions has risen to 210 over the past year. The total number of shares bought during that period was 1,506,825 while 6,835,192 shares were sold.
