Barclays has recently reduced Intapp Inc (INTA) stock to Equal Weight rating, as announced on October 7, 2024, according to Finviz. Earlier, on July 8, 2024, Oppenheimer had reduced the stock from a Outperform to Perform. Citigroup also initiated Buy rating with a price target of $57. Additionally, UBS initiated Buy rating on November 7, 2023, with a target price of $45. Barclays analysts, in their report published on September 6, 2023, also initiated Overweight rating and set a price target of $43 for Intapp Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Intapp Inc (INTA) Stock Trading Recap
On Friday, Intapp Inc (INTA) stock saw a decline, ending the day at $49.5 which represents a decrease of $-0.67 or -1.34% from the prior close of $50.17. The stock opened at $50.16 and touched a low of $49.31 during the day, reaching a high of $50.87. The volume of shares traded was 0.73 million exceeding the average volume of 0.70 million.
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INTA Stock Performance and Moving Averages
In recent trading, Intapp Inc (INTA) stock price has shown some volatility, fluctuating -1.47% over the last five trades and 5.16% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 59.68%, and it has gained 57.14% in the previous three months. Currently, INTA is trading at 1.10%, 4.27%, and 26.60% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, INTA, a Technology sector stock, is trading -4.44% below its 52-week high but remains 63.04% above its 52-week low. The Average True Range (ATR) (14 days) of 1.28 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Intapp Inc’s Profitability and Valuation Ratios
Intapp Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -7.57% and a profit margin of -7.44%, with a gross margin of 59.68%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Intapp Inc’s market capitalization stands at $3.81 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 58.89. Additionally, the Price-to-Sales Ratio is 8.85, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 9.16, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 9.84% of Intapp Inc (INTA)’s shares, while financial institutions hold 86.99%.
Notable insider trades include Coleman Donald F., Chief Operating Officer at Intapp Inc (INTA), who sold 5000 shares on Oct 15 ’24, at $49.23 each, totaling $0.25 million. On Oct 10 ’24, Baxter Ralph, Director, sold 5000 shares for $47.44 each, amounting to $0.24 million. Additionally, on Oct 08 ’24, Jampol Thad sold 20000 shares at $45.09 each, generating $0.90 million.
