Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter Sells 9,289 Shares

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 9,289 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $70.14, for a total value of $651,530.46. Following the completion of the transaction, the director now directly owns 9,441 shares in the company, valued at approximately $662,191.74. This trade represents a 49.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ralph Baxter also recently made the following trade(s):

• On Tuesday, December 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The stock was sold at an average price of $68.24, for a total value of $341,200.00.
• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Stock Performance

Shares of Intapp stock opened at $65.80 on Wednesday. The business has a 50-day simple moving average of $57.25 and a 200-day simple moving average of $45.78. Intapp, Inc. has a one year low of $30.36 and a one year high of $71.34. The company has a market cap of $5.09 billion, a PE ratio of -226.90 and a beta of 0.74.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.20) EPS. On average, sell-side analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on INTA shares. Stifel Nicolaus boosted their target price on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Barclays increased their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Citigroup boosted their price target on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.27.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INTA. Luxor Capital Group LP purchased a new stake in Intapp during the third quarter worth approximately $47,837,000. FMR LLC raised its holdings in Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after buying an additional 301,238 shares during the last quarter. Finally, Praesidium Investment Management Company LLC boosted its holdings in shares of Intapp by 15.3% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after buying an additional 256,327 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.