David H. Morton, Jr. Sells 3,349 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 3,349 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.54, for a total transaction of $216,144.46. Following the transaction, the chief financial officer now directly owns 31,656 shares in the company, valued at approximately $2,043,078.24. The trade was a 9.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Intapp Price Performance

Shares of INTA opened at $66.10 on Thursday. Intapp, Inc. has a one year low of $30.36 and a one year high of $77.74. The company has a 50-day moving average of $68.10 and a two-hundred day moving average of $57.48. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of -227.92 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced its 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 return on equity of 1.86% and a negative net margin of 4.78%. Analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Intapp

Several institutional investors have recently made changes to their positions in INTA. Invesco Ltd. boosted its holdings in shares of Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock worth $126,931,000 after purchasing an additional 1,950,526 shares during the period. Luxor Capital Group LP acquired a new stake in shares of Intapp during the third quarter worth approximately $47,837,000. Vanguard Group Inc. boosted its holdings in shares of Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock worth $408,139,000 after purchasing an additional 672,832 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Intapp by 408.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock worth $46,209,000 after purchasing an additional 579,075 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Intapp during the fourth quarter worth approximately $30,563,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.