Insider Selling: Intapp, Inc. (NASDAQ:INTA) CEO Sells 33,227 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 33,227 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $2,287,014.41. Following the completion of the transaction, the chief executive officer now directly owns 5,258,576 shares of the company’s stock, valued at approximately $361,947,786.08. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Intapp Stock Performance

Intapp stock opened at $66.11 on Friday. The business’s 50-day simple moving average is $68.13 and its two-hundred day simple moving average is $56.78. The company has a market cap of $5.25 billion, a PE ratio of -227.96 and a beta of 0.74. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74.

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

Institutional Trading of Intapp

A number of hedge funds have recently modified their holdings of INTA. Blue Trust Inc. boosted its stake in shares of Intapp by 147.0% in the third quarter. Blue Trust Inc. now owns 2,139 shares of the company’s stock worth $102,000 after buying an additional 1,273 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Intapp by 114.1% in the third quarter. Raymond James & Associates now owns 59,624 shares of the company’s stock worth $2,852,000 after buying an additional 31,778 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Intapp in the third quarter worth about $57,000. Farther Finance Advisors LLC boosted its stake in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Intapp by 7.2% in the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after buying an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on INTA shares. JPMorgan Chase & Co. boosted their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Barclays upped their target price on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Stifel Nicolaus upped their target price on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group upped their target price on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Intapp currently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

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.