Intapp, Inc. (NASDAQ:INTA) Insider Michele Murgel Sells 1,962 Shares

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 1,962 shares of Intapp stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $60.00, for a total value of $117,720.00. Following the sale, the insider now directly owns 182,462 shares of the company’s stock, valued at approximately $10,947,720. This represents a 1.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Michele Murgel also recently made the following trade(s):

• On Monday, March 17th, Michele Murgel sold 23,404 shares of Intapp stock. The stock was sold at an average price of $60.13, for a total value of $1,407,282.52.
• On Monday, February 24th, Michele Murgel sold 4,632 shares of Intapp stock. The stock was sold at an average price of $64.54, for a total value of $298,949.28.
• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The stock was sold at an average price of $68.83, for a total value of $518,358.73.

Intapp Trading Up 1.2 %

INTA opened at $60.95 on Friday. The stock’s 50-day moving average price is $66.88 and its 200 day moving average price is $59.62. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -210.17 and a beta of 0.76.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on INTA shares. UBS Group boosted their price objective on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Citigroup restated a “neutral” rating and issued a $78.00 target price (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Barclays upped their target price on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Intapp presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Institutional Investors Weigh In On Intapp

A number of large investors have recently modified their holdings of INTA. Invesco Ltd. increased its position in shares of Intapp by 6,506.1% in the 4th quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after purchasing an additional 1,950,526 shares during the last quarter. Luxor Capital Group LP purchased a new stake in shares of Intapp in the 3rd quarter valued at approximately $47,837,000. Vanguard Group Inc. increased its position in shares of Intapp by 11.8% in the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after purchasing an additional 672,832 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Intapp by 408.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock valued at $46,209,000 after buying an additional 579,075 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Intapp in the 4th quarter valued at $30,563,000. 89.96% of the stock is 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.