Thad Jampol Sells 20,174 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,174 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $1,196,318.20. Following the transaction, the insider now directly owns 803,400 shares in the company, valued at approximately $47,641,620. This represents a 2.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, October 8th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $45.09, for a total value of $901,800.00.
• 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 transaction of $1,554,483.94.

Intapp Stock Down 1.9 %

Shares of NASDAQ INTA opened at $60.15 on Thursday. The stock has a market cap of $4.66 billion, a P/E ratio of -207.41 and a beta of 0.64. The firm’s 50-day simple moving average is $51.85 and its 200 day simple moving average is $42.69. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $61.37.

Intapp (NASDAQ:INTA) last released its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The firm had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same period in the prior year, the firm posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTA has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Truist Financial reissued a “buy” rating and issued a $55.00 target price (up previously from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Raymond James upped their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Bank of America cut their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, Piper Sandler restated an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.55.

Institutional Trading of Intapp

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its holdings in shares of Intapp by 28.4% during the third quarter. Franklin Resources Inc. now owns 456,619 shares of the company’s stock valued at $22,173,000 after purchasing an additional 100,982 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Intapp during the third quarter worth approximately $64,000. Sanctuary Advisors LLC purchased a new position in shares of Intapp during the 3rd quarter valued at $239,000. Virtu Financial LLC purchased a new position in Intapp in the third quarter valued at about $609,000. Finally, Geode Capital Management LLC grew its stake in shares of Intapp by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after buying an additional 95,035 shares in the last quarter. 89.96% of the stock is currently owned by 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.