Insider Selling: Intapp, Inc. (NASDAQ:INTA) COO Sells $1,940,240.94 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 35,778 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the completion of the transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at $36,238,600.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intapp Stock Performance

Shares of INTA stock opened at $59.39 on Friday. The firm has a market cap of $4.57 billion, a P/E ratio of -204.79 and a beta of 0.64. The firm’s 50 day moving average price is $48.56 and its 200-day moving average price is $40.46. Intapp, Inc. has a one year low of $30.36 and a one year high of $59.92.

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. Intapp had a negative return on equity of 2.15% and a negative net margin of 4.74%. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. As a group, research analysts predict that Intapp, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on INTA shares. Bank of America reduced their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Barclays boosted their price target on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their target price on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Piper Sandler restated an “overweight” rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently bought and sold shares of INTA. J.Safra Asset Management Corp boosted its stake 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 valued at $26,000 after purchasing an additional 615 shares during the period. Advisors Asset Management Inc. lifted its holdings in Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after buying an additional 581 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares during the period. Blue Trust Inc. acquired a new position in shares of Intapp in the second quarter worth $30,000. Finally, Comerica Bank increased its position in shares of Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

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.