Intapp, Inc. (NASDAQ:INTA) CEO Sells $1,839,124.38 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 28,443 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.66, for a total transaction of $1,839,124.38. Following the completion of the transaction, the chief executive officer now owns 5,213,782 shares of the company’s stock, valued at $337,123,144.12. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Intapp Price Performance

INTA traded down $0.60 during trading on Tuesday, hitting $65.30. 734,002 shares of the stock traded hands, compared to its average volume of 754,694. The firm has a market capitalization of $5.18 billion, a P/E ratio of -225.16 and a beta of 0.74. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The firm has a 50-day moving average of $68.08 and a 200 day moving average of $57.19.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data 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%. As a group, equities analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INTA. JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group boosted their target price on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Citigroup reaffirmed a “neutral” rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Barclays increased their target price on shares of 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 reissued an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and an average target price of $66.45.

Institutional Investors Weigh In On Intapp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp bought a new position in shares of Intapp during the fourth quarter valued at approximately $214,000. Palisades Investment Partners LLC increased its position in Intapp by 10.0% during the 4th quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company’s stock valued at $10,640,000 after purchasing an additional 15,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intapp by 14.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,000 shares of the company’s stock worth $11,344,000 after purchasing an additional 21,972 shares in the last quarter. Voloridge Investment Management LLC lifted its position in shares of Intapp by 84.5% in the 4th quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company’s stock worth $21,726,000 after purchasing an additional 155,286 shares during the period. Finally, Vident Advisory LLC boosted its stake in shares of Intapp by 34.3% during the 4th quarter. Vident Advisory LLC now owns 7,643 shares of the company’s stock valued at $490,000 after purchasing an additional 1,950 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.