Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells 5,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTAGet Free Report) COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $35.37, for a total value of $176,850.00. Following the sale, the chief operating officer now directly owns 648,411 shares in the company, valued at $22,934,297.07. The transaction was disclosed in a filing with the SEC, which is available at this link.

Intapp Price Performance

NASDAQ:INTA opened at $32.46 on Thursday. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $50.46. The business has a fifty day moving average of $34.15 and a 200-day moving average of $36.94.

Intapp (NASDAQ:INTAGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The company had revenue of $110.64 million during the quarter, compared to analysts’ expectations of $108.18 million. Analysts forecast that Intapp, Inc. will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after purchasing an additional 1,501,091 shares in the last quarter. FMR LLC boosted its stake in Intapp by 5.6% during the third quarter. FMR LLC now owns 4,166,230 shares of the company’s stock valued at $139,652,000 after buying an additional 221,256 shares in the last quarter. Bamco Inc. NY bought a new position in Intapp during the first quarter valued at about $88,605,000. Praesidium Investment Management Company LLC boosted its stake in Intapp by 9.4% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock valued at $55,748,000 after buying an additional 125,455 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Intapp by 44.8% during the third quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock valued at $45,690,000 after buying an additional 422,016 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on INTA shares. Piper Sandler dropped their price target on Intapp from $52.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Barclays dropped their target price on Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Citigroup dropped their target price on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. BTIG Research dropped their target price on Intapp from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus dropped their target price on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intapp has a consensus rating of “Buy” and a consensus target price of $46.13.

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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; 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.

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Insider Buying and Selling by Quarter for Intapp (NASDAQ:INTA)

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