John T. Hall Sells 8,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTAGet Free Report) CEO John T. Hall sold 8,000 shares of Intapp stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $57.15, for a total transaction of $457,200.00. Following the completion of the sale, the chief executive officer now directly owns 5,236,895 shares of the company’s stock, valued at $299,288,549.25. The trade was a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Intapp Trading Up 1.9 %

Shares of INTA stock opened at $59.28 on Friday. The company has a market cap of $4.71 billion, a PE ratio of -204.41 and a beta of 0.77. The company’s fifty day simple moving average is $67.24 and its 200-day simple moving average is $59.12. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74.

Intapp (NASDAQ:INTAGet Free Report) last announced 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%. Equities research analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

INTA has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped 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. 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 report on Wednesday, December 18th. Barclays boosted their target price 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. Finally, Truist Financial increased their price target on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.45.

Check Out Our Latest Stock Analysis on INTA

Hedge Funds Weigh In On Intapp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its position in Intapp by 6,506.1% in 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 in the last quarter. Luxor Capital Group LP purchased a new position in shares of Intapp in the third quarter valued at $47,837,000. Vanguard Group Inc. grew its holdings in Intapp by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 6,368,216 shares of the company’s stock valued at $408,139,000 after purchasing an additional 672,832 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Intapp by 408.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 720,994 shares of the company’s stock worth $46,209,000 after buying an additional 579,075 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Intapp in the 4th quarter worth $30,563,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Company Profile

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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.

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Insider Buying and Selling by Quarter for Intapp (NASDAQ:INTA)

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