Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells $500,378.62 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 7,753 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.54, for a total transaction of $500,378.62. Following the sale, the chief operating officer now owns 421,733 shares in the company, valued at $27,218,647.82. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Intapp Trading Down 2.3 %

NASDAQ INTA opened at $64.58 on Friday. The company has a fifty day simple moving average of $68.10 and a 200 day simple moving average of $57.53. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The company has a market cap of $5.13 billion, a P/E ratio of -222.68 and a beta of 0.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (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%. Sell-side analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Piper Sandler reiterated an “overweight” rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Citigroup restated a “neutral” rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Hedge Funds Weigh In On Intapp

Hedge funds have recently bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new position in Intapp during the 4th quarter worth $25,000. Global Retirement Partners LLC purchased a new position in Intapp during the 4th quarter worth $25,000. Farther Finance Advisors LLC boosted its holdings in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after acquiring an additional 527 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Intapp during the 4th quarter worth $32,000. Finally, Johnson Financial Group Inc. boosted its holdings in Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after acquiring an additional 605 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.