Donald F. Coleman Sells 7,753 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 7,753 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.54, for a total value of $500,378.62. Following the transaction, the chief operating officer now directly owns 421,733 shares in the company, valued at approximately $27,218,647.82. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intapp Trading Down 0.9 %

NASDAQ INTA traded down $0.60 during trading on Tuesday, reaching $65.30. The company’s stock had a trading volume of 734,002 shares, compared to its average volume of 754,694. The firm has a 50 day moving average price of $68.08 and a 200 day moving average price of $57.19. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -225.16 and a beta of 0.74.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Trading of Intapp

Institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp acquired a new position in Intapp in the fourth quarter valued at about $214,000. Palisades Investment Partners LLC grew its stake in Intapp by 10.0% during the fourth quarter. Palisades Investment Partners LLC now owns 166,013 shares of the company’s stock worth $10,640,000 after buying an additional 15,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Intapp by 14.2% in the 4th 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 buying an additional 21,972 shares during the period. Voloridge Investment Management LLC raised its position in shares of Intapp by 84.5% in the 4th quarter. Voloridge Investment Management LLC now owns 338,994 shares of the company’s stock valued at $21,726,000 after buying an additional 155,286 shares in the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Intapp by 34.3% during the 4th quarter. Vident Advisory LLC now owns 7,643 shares of the company’s stock worth $490,000 after acquiring an additional 1,950 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial boosted their target price on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays upped their price objective on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Stifel Nicolaus raised their target price on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, Citigroup reissued a “neutral” rating and issued a $78.00 price target (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.