Ralph Baxter Sells 50,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the transaction, the director now owns 5,624 shares in the company, valued at approximately $321,130.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ralph Baxter also recently made the following trade(s):

• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Stock Performance

NASDAQ INTA traded down $0.25 on Friday, hitting $59.39. The stock had a trading volume of 671,383 shares, compared to its average volume of 649,667. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $59.92. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of -205.66 and a beta of 0.64. The firm has a 50-day moving average of $48.29 and a 200-day moving average of $40.19.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.20) EPS. As a group, research analysts anticipate that Intapp, Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on INTA. Raymond James lifted their price objective on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday. Piper Sandler reissued an “overweight” rating and issued a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday. UBS Group upped their price target on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Citigroup upped their price target on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus upped their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.55.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares during the last quarter. Bamco Inc. NY bought a new position in shares of Intapp during the 1st quarter valued at $88,605,000. Clearbridge Investments LLC grew its holdings in shares of Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock valued at $28,319,000 after purchasing an additional 301,238 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Intapp by 18.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after acquiring an additional 106,668 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in Intapp by 27.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 545,160 shares of the company’s stock worth $26,075,000 after acquiring an additional 117,795 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Intapp Company Profile

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.