Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells $1,196,318.20 in Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,174 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the completion of the sale, the insider now owns 803,400 shares in the company, valued at $47,641,620. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Thad Jampol also recently made the following trade(s):

• On Tuesday, October 8th, Thad Jampol sold 20,000 shares of Intapp stock. The shares were sold at an average price of $45.09, for a total value of $901,800.00.
• On Thursday, September 19th, Thad Jampol sold 31,666 shares of Intapp stock. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94.

Intapp Stock Performance

INTA stock opened at $60.15 on Thursday. The firm has a market cap of $4.66 billion, a P/E ratio of -207.41 and a beta of 0.64. Intapp, Inc. has a 1 year low of $30.36 and a 1 year high of $61.37. The stock has a 50-day simple moving average of $51.85 and a 200-day simple moving average of $42.69.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INTA. Farther Finance Advisors LLC grew its stake in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in shares of Intapp by 634.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after buying an additional 615 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 581 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp in the second quarter worth $30,000. Finally, Quest Partners LLC acquired a new stake in Intapp in the third quarter valued at $54,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analysts Set New Price Targets

INTA has been the topic of a number of analyst reports. Stifel Nicolaus increased 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. Barclays boosted their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Truist Financial restated a “buy” rating and set a $55.00 target price (up previously from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. UBS Group boosted their price target on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Bank of America lowered their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and a consensus price target of $53.55.

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.