Intapp, Inc. (NASDAQ:INTA) Insider Sells $1,359,400.00 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $67.97, for a total value of $1,359,400.00. Following the transaction, the insider now owns 798,222 shares in the company, valued at $54,255,149.34. This trade represents a 2.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Thad Jampol also recently made the following trade(s):

• On Thursday, November 21st, Thad Jampol sold 20,174 shares of Intapp stock. The stock was sold at an average price of $59.30, for a total value of $1,196,318.20.
• On Tuesday, October 8th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00.
• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94.

Intapp Stock Up 2.8 %

INTA traded up $1.89 during midday trading on Wednesday, reaching $70.00. The company had a trading volume of 505,274 shares, compared to its average volume of 637,602. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $70.19. The company has a market cap of $5.42 billion, a P/E ratio of -234.86 and a beta of 0.74. The business has a 50-day moving average of $55.04 and a two-hundred day moving average of $44.65.

Intapp (NASDAQ:INTA) last released its 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. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter last year, the business earned ($0.20) EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INTA. J.Safra Asset Management Corp increased its stake in Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after buying an additional 615 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares during the period. Blue Trust Inc. purchased a new stake in shares of Intapp during the second quarter worth about $30,000. Comerica Bank raised its stake in Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares during the period. Finally, Quest Partners LLC purchased a new position in Intapp in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

INTA has been the topic of several analyst reports. Barclays boosted their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday. Bank of America reduced their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Citigroup lifted their target price on shares of Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Raymond James increased their price target on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.09.

About Intapp

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.