Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald Sells 3,394 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 3,394 shares of Intapp stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $233,609.02. Following the sale, the chief marketing officer now directly owns 52,090 shares of the company’s stock, valued at approximately $3,585,354.70. The trade was a 6.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Scott Fitzgerald also recently made the following trade(s):

• On Thursday, January 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The shares were sold at an average price of $64.38, for a total value of $193,140.00.
• On Monday, December 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The shares were sold at an average price of $63.53, for a total value of $190,590.00.

Intapp Trading Down 4.7 %

Intapp stock opened at $66.11 on Friday. The business’s 50-day simple moving average is $68.13 and its 200-day simple moving average is $56.60. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. As a group, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

INTA has been the subject of a number of analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $78.00 price target (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Truist Financial boosted their price target on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. UBS Group boosted their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intapp presently has an average rating of “Moderate Buy” and an average target price of $66.45.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Intapp by 11.8% during the fourth quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after acquiring an additional 672,832 shares during the period. FMR LLC increased its stake in Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after acquiring an additional 411,434 shares during the period. Bamco Inc. NY increased its stake in Intapp by 1.2% during the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after acquiring an additional 34,409 shares during the period. Invesco Ltd. increased its stake in Intapp by 6,506.1% during the fourth quarter. Invesco Ltd. now owns 1,980,506 shares of the company’s stock valued at $126,931,000 after acquiring an additional 1,950,526 shares during the period. Finally, Praesidium Investment Management Company LLC boosted its holdings in Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

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.