Intapp, Inc. (NASDAQ:INTA) Insider Michele Murgel Sells 7,531 Shares

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 7,531 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73. Following the completion of the sale, the insider now owns 223,945 shares of the company’s stock, valued at $15,414,134.35. This trade represents a 3.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Intapp Price Performance

Shares of NASDAQ:INTA traded down $3.25 during trading hours on Friday, hitting $66.11. The company’s stock had a trading volume of 1,297,240 shares, compared to its average volume of 755,984. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of -227.96 and a beta of 0.74. The firm’s fifty day moving average price is $68.18 and its 200 day moving average price is $56.36.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, equities research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intapp

Several large investors have recently modified their holdings of INTA. Blue Trust Inc. raised its holdings in shares of Intapp by 147.0% in the 3rd quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock valued at $102,000 after purchasing an additional 1,273 shares in the last quarter. Raymond James & Associates grew its position in shares of Intapp by 114.1% in the 3rd quarter. Raymond James & Associates now owns 59,624 shares of the company’s stock worth $2,852,000 after buying an additional 31,778 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Intapp in the 3rd quarter worth approximately $57,000. Farther Finance Advisors LLC grew its position in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Intapp by 7.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after buying an additional 373 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Barclays raised their target price on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Piper Sandler restated an “overweight” rating and issued a $71.00 target price (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

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.