Intapp, Inc. (NASDAQ:INTA) Insider Sells $901,800.00 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total value of $901,800.00. Following the sale, the insider now owns 772,412 shares in the company, valued at approximately $34,828,057.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Thad Jampol also recently made the following trade(s):

• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94.

Intapp Stock Up 0.7 %

INTA opened at $47.59 on Friday. The business’s fifty day simple moving average is $43.79 and its 200 day simple moving average is $37.75. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $51.80. The stock has a market cap of $3.49 billion, a PE ratio of -78.02 and a beta of 0.65.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $114.38 million during the quarter, compared to analysts’ expectations of $111.58 million. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) EPS. As a group, equities analysts anticipate that Intapp, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 target price on shares of Intapp in a report on Wednesday, August 14th. UBS Group raised their price target on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Bank of America reduced their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Barclays reiterated an “equal weight” rating and issued a $44.00 price objective on shares of Intapp in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in INTA. Advisors Asset Management Inc. grew its holdings in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in shares of Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock worth $26,000 after buying an additional 615 shares during the period. Federated Hermes Inc. lifted its stake in shares of Intapp by 9.8% in the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after acquiring an additional 694 shares during the last quarter. Covestor Ltd lifted its stake in shares of Intapp by 52.0% in the 1st quarter. Covestor Ltd now owns 2,395 shares of the company’s stock valued at $82,000 after acquiring an additional 819 shares during the last quarter. Finally, Comerica Bank grew its position in Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 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.