Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells 5,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $36.49, for a total value of $182,450.00. Following the transaction, the chief operating officer now directly owns 648,411 shares in the company, valued at $23,660,517.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Intapp Trading Up 1.5 %

INTA stock traded up $0.54 during midday trading on Tuesday, reaching $37.04. 452,397 shares of the company’s stock traded hands, compared to its average volume of 649,008. The company has a 50-day simple moving average of $34.82 and a two-hundred day simple moving average of $36.79. Intapp, Inc. has a 1-year low of $30.36 and a 1-year high of $45.43.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The company had revenue of $110.64 million during the quarter, compared to analysts’ expectations of $108.18 million. Analysts expect that Intapp, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Intapp

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its stake in shares of Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the period. Comerica Bank lifted its holdings in shares of Intapp by 218.4% in the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Intapp by 164.6% in the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after purchasing an additional 815 shares in the last quarter. Covestor Ltd raised its holdings in Intapp by 52.0% during the first quarter. Covestor Ltd now owns 2,395 shares of the company’s stock worth $82,000 after acquiring an additional 819 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Intapp by 81,400.0% during the third quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after acquiring an additional 2,442 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on INTA shares. Oppenheimer dropped their price target on Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Citigroup cut their price objective on Intapp from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Friday. Barclays cut their price objective on Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. BTIG Research reduced their price objective on Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus reduced their price objective on Intapp from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $45.88.

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.