Intapp, Inc. (NASDAQ:INTA) COO Sells $182,450.00 in Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $36.49, for a total transaction of $182,450.00. Following the transaction, the chief operating officer now directly owns 648,411 shares in the company, valued at approximately $23,660,517.39. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Intapp Price Performance

Shares of INTA stock traded up $0.54 during trading hours on Tuesday, hitting $37.04. The stock had a trading volume of 452,397 shares, compared to its average volume of 649,008. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $45.43. The stock’s 50 day moving average is $34.82 and its 200 day moving average is $36.79.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. The business had revenue of $110.64 million during the quarter, compared to analysts’ expectations of $108.18 million. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. As a group, equities analysts anticipate that Intapp, Inc. will post -0.37 EPS for the current year.

Institutional Trading of Intapp

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Intapp by 42.7% during the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after acquiring an additional 1,501,091 shares during the last quarter. Bamco Inc. NY acquired a new stake in shares of Intapp during the first quarter valued at $88,605,000. Praesidium Investment Management Company LLC boosted its stake in shares of Intapp by 9.4% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,466,281 shares of the company’s stock valued at $55,748,000 after acquiring an additional 125,455 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Intapp by 44.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,363,074 shares of the company’s stock worth $45,690,000 after buying an additional 422,016 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Intapp by 12.2% in the 4th quarter. Jennison Associates LLC now owns 1,293,014 shares of the company’s stock worth $49,160,000 after buying an additional 140,697 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on INTA. Oppenheimer lowered their price target on shares of Intapp from $50.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Barclays cut their price target on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Piper Sandler cut their target price on shares of Intapp from $52.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Stifel Nicolaus cut their target price on shares of Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Citigroup cut their target price on shares of Intapp from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Intapp currently has an average rating of “Buy” and an average target price of $45.88.

Intapp Company Profile

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.