Michele Murgel Sells 23,404 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) insider Michele Murgel sold 23,404 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $60.13, for a total transaction of $1,407,282.52. Following the sale, the insider now owns 185,220 shares of the company’s stock, valued at $11,137,278.60. This trade represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Michele Murgel also recently made the following trade(s):

• On Monday, February 24th, Michele Murgel sold 4,632 shares of Intapp stock. The stock was sold at an average price of $64.54, for a total transaction of $298,949.28.
• On Thursday, February 20th, Michele Murgel sold 7,531 shares of Intapp stock. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73.

Intapp Price Performance

Intapp stock traded up $1.62 during mid-day trading on Wednesday, reaching $60.43. The company had a trading volume of 526,792 shares, compared to its average volume of 687,282. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $77.74. The company has a market capitalization of $4.80 billion, a P/E ratio of -208.37 and a beta of 0.76. The stock’s 50-day simple moving average is $67.13 and its 200-day simple moving average is $59.50.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in shares of Intapp during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. purchased a new position in shares of Intapp during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Intapp during the 4th quarter worth approximately $32,000. Johnson Financial Group Inc. increased its stake in shares of Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after purchasing an additional 605 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in shares of Intapp during the 4th quarter worth approximately $64,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INTA has been the subject of several recent research reports. Piper Sandler reiterated an “overweight” rating and set a $71.00 target price (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. UBS Group raised their price objective on shares of Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Stifel Nicolaus raised their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Citigroup restated 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. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.