Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall Sells 70,986 Shares

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 70,986 shares of Intapp stock in a transaction on Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the sale, the chief executive officer now owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Intapp Trading Up 0.9 %

Shares of INTA opened at $65.19 on Friday. The company’s fifty day simple moving average is $58.30 and its 200-day simple moving average is $46.25. The company has a market cap of $5.04 billion, a P/E ratio of -224.79 and a beta of 0.74. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $71.34.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.20) EPS. Analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTA has been the topic of several research reports. Stifel Nicolaus lifted their target price on Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James lifted their price objective on Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Truist Financial increased their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Citigroup boosted their price target on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.64.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of Intapp during the second quarter valued at $30,000. Quest Partners LLC bought a new position in shares of Intapp in the third quarter worth about $54,000. Financial Management Professionals Inc. purchased a new position in Intapp in the 3rd quarter worth about $57,000. Finally, Comerica Bank lifted its holdings 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 buying an additional 865 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.