Donald F. Coleman Sells 17,748 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) COO Donald F. Coleman sold 17,748 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $1,052,456.40. Following the sale, the chief operating officer now directly owns 695,498 shares in the company, valued at approximately $41,243,031.40. This trade represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Intapp Trading Down 1.9 %

Shares of INTA stock opened at $60.15 on Thursday. The business’s 50-day moving average price is $51.85 and its 200-day moving average price is $42.69. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $61.37. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of -207.41 and a beta of 0.64.

Intapp (NASDAQ:INTA) last posted its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) EPS. On average, sell-side analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on INTA shares. UBS Group increased their price objective on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Raymond James boosted their price objective on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Bank of America reduced their target price on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Citigroup boosted their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Stifel Nicolaus raised their price objective on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.55.

Institutional Trading of Intapp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its holdings in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after buying an additional 411,434 shares during the period. Vanguard Group Inc. lifted its stake in shares of Intapp by 42.7% in the first quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock worth $172,002,000 after acquiring an additional 1,501,091 shares during the period. Bamco Inc. NY boosted its holdings in Intapp by 1.2% in the third quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after acquiring an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC increased its position in Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after purchasing an additional 343,275 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.