Intapp Inc (NASDAQ: INTA) stock jumped 0.89% on Monday to $38.74 against a previous-day closing price of $38.40. With 0.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $39.27 whereas the lowest price it dropped to was $38.06. The 52-week range on INTA shows that it touched its highest point at $50.46 and its lowest point at $20.57 during that stretch. It currently has a 1-year price target of $46.40. Beta for the stock currently stands at 0.66.
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 down-trending over the past week, with a drop of -2.05%, but this was up by 13.84% over a month. Three-month performance surged to 11.87% while six-month performance fell -3.44%. The stock gained 78.77% in the past year, while it has gained 55.33% so far this year. A look at the trailing 12-month EPS for INTA yields -0.99 with Next year EPS estimates of 0.44. For the next quarter, that number is 0.05. This implies an EPS growth rate of 144.81% for this year and 64.63% for next year. EPS is expected to grow by 35.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -22.24%.
Float and Shares Shorts:
At present, 68.57 million INTA shares are outstanding with a float of 46.96 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.24 million, which was 3.22% higher than short shares on Sep 28, 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.
Through their ownership of 76.11% of INTA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.86% of INTA, in contrast to 45.18% held by mutual funds. Shares owned by individuals account for 19.73%. As the largest shareholder in INTA with 28.32% 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 4,149,886 shares, controlling over 5.98% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in INTA, holding 2,742,152 shares or 3.95% stake. With a 2.13% 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 1.24% of INTA stock, is the second-largest Mutual Fund holder. It holds 857,907 shares valued at 29.34 million. Threadneedle holds 1.21% of the stake in INTA, owning 837,567 shares worth 28.64 million.
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 $44.00, the average target price over the next 12 months is $46.40. Based on these targets, INTA could surge 41.97% to reach the target high and rise by 13.58% to reach the target low. Reaching the average price target will result in a growth of 19.77% from current levels.
Summary of Insider Activity:
Insiders traded INTA stock several times over the past three months with 7 Buys and 23 Sells. In these transactions, 38,700 shares were bought while 208,419 shares were sold. The number of buy transactions has increased to 94 while that of sell transactions has risen to 201 over the past year. The total number of shares bought during that period was 1,221,621 while 6,753,000 shares were sold.