Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman Sells 12,601 Shares

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 12,601 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $867,326.83. Following the completion of the sale, the chief operating officer now directly owns 438,721 shares of the company’s stock, valued at $30,197,166.43. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intapp Stock Down 4.7 %

Shares of NASDAQ INTA opened at $66.11 on Friday. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $77.74. The stock’s 50 day moving average price is $68.13 and its 200-day moving average price is $56.60. The company has a market capitalization of $5.25 billion, a PE ratio of -227.96 and a beta of 0.74.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share 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 expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp purchased a new position in Intapp in the fourth quarter valued at approximately $214,000. Palisades Investment Partners LLC lifted its stake in Intapp by 10.0% in the fourth quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company’s stock valued at $10,640,000 after purchasing an additional 15,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Intapp by 14.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,000 shares of the company’s stock valued at $11,344,000 after purchasing an additional 21,972 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Intapp by 84.5% in the fourth quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company’s stock valued at $21,726,000 after purchasing an additional 155,286 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in Intapp by 34.3% in the fourth quarter. Vident Advisory LLC now owns 7,643 shares of the company’s stock valued at $490,000 after purchasing an additional 1,950 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Truist Financial boosted their target price on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Piper Sandler reissued an “overweight” rating and set a $71.00 price objective (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Barclays boosted their price objective on Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, Citigroup reissued a “neutral” rating and set a $78.00 price objective (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and an average target price of $66.45.

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.