Intapp, Inc. (NASDAQ:INTA) CFO Sells $252,113.88 in Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 4,204 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $59.97, for a total transaction of $252,113.88. Following the completion of the sale, the chief financial officer now owns 27,331 shares of the company’s stock, valued at approximately $1,639,040.07. This trade represents a 13.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Intapp Stock Performance

NASDAQ:INTA opened at $60.15 on Friday. The firm’s 50-day moving average is $52.09 and its 200-day moving average is $42.81. The company has a market cap of $4.65 billion, a price-to-earnings ratio of -207.41 and a beta of 0.64. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $61.37.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $117.88 million. During the same period in the previous year, the company posted ($0.20) earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INTA. J.Safra Asset Management Corp increased its holdings in Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after buying an additional 615 shares during the period. Advisors Asset Management Inc. raised its position in Intapp by 239.1% in 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 in the last quarter. Farther Finance Advisors LLC lifted its stake in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the period. Blue Trust Inc. acquired a new stake in Intapp during the second quarter valued at approximately $30,000. Finally, Comerica Bank grew its stake in shares of Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after purchasing an additional 865 shares during the period. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group increased their target price on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Truist Financial restated a “buy” rating and set a $55.00 price objective (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on shares of Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Citigroup upped their price objective on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.55.

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.