Intapp, Inc. (NASDAQ:INTA) Insider Thad Jampol Sells 20,000 Shares

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. Following the transaction, the insider now owns 828,197 shares of the company’s stock, valued at approximately $51,223,984.45. This trade represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, December 9th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $67.97, for a total transaction of $1,359,400.00.
• On Thursday, November 21st, Thad Jampol sold 20,174 shares of Intapp stock. The stock was sold at an average price of $59.30, for a total transaction of $1,196,318.20.

Intapp Trading Up 5.9 %

Shares of Intapp stock opened at $67.05 on Friday. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of -231.21 and a beta of 0.73. The firm’s 50-day moving average price is $62.75 and its two-hundred day moving average price is $49.51. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $71.34.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. Intapp’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.20) EPS. As a group, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

INTA has been the topic of a number of recent research reports. Truist Financial lifted their target price on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Citigroup boosted their price objective on Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price target on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Barclays raised their price objective on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.64.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently modified their holdings of INTA. Bank of New York Mellon Corp raised its position 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 acquiring an additional 10,789 shares during the period. Rhumbline Advisers raised its holdings in Intapp by 9.6% in the second quarter. Rhumbline Advisers now owns 54,656 shares of the company’s stock worth $2,004,000 after purchasing an additional 4,794 shares during the period. Federated Hermes Inc. boosted its position in shares of Intapp by 9.8% during the second quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock worth $286,000 after purchasing an additional 694 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Intapp by 18.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock valued at $25,173,000 after buying an additional 106,668 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in Intapp during the 2nd quarter worth $763,000. 89.96% of the stock is owned by institutional investors.

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.