Intapp, Inc. (NASDAQ:INTA) Director Sells $341,200.00 in Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.24, for a total transaction of $341,200.00. Following the completion of the transaction, the director now directly owns 9,441 shares of the company’s stock, valued at $644,253.84. This represents a 34.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ralph Baxter also recently made the following trade(s):

• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The shares were sold at an average price of $57.10, for a total transaction of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Trading Down 1.2 %

Shares of INTA opened at $68.63 on Friday. The stock has a market capitalization of $5.31 billion, a PE ratio of -236.66 and a beta of 0.74. The firm’s 50 day moving average is $56.35 and its 200-day moving average is $45.29. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $71.34.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INTA. Comerica Bank increased its holdings in Intapp by 218.4% in 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 during the period. J.Safra Asset Management Corp increased its stake in Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares during the last quarter. Blue Trust Inc. acquired a new position in Intapp during the second quarter valued at approximately $30,000. Hennion & Walsh Asset Management Inc. lifted its stake in Intapp by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 15,398 shares of the company’s stock worth $565,000 after purchasing an additional 1,787 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Intapp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 145,205 shares of the company’s stock valued at $5,325,000 after purchasing an additional 10,789 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their price objective on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Raymond James upped their price objective on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Stifel Nicolaus upped their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Truist Financial raised their price objective on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Intapp presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.09.

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.