Intapp, Inc. (NASDAQ:INTA) CFO Sells $252,113.88 in Stock

Intapp, Inc. (NASDAQ:INTA) CFO David H. Morton, Jr. sold 4,204 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $59.97, for a total transaction of $252,113.88. Following the sale, the chief financial officer now directly owns 27,331 shares of the company’s stock, valued at $1,639,040.07. The trade was a 13.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Intapp Price Performance

Shares of INTA stock opened at $60.15 on Friday. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $61.37. The business has a 50 day simple moving average of $52.09 and a 200 day simple moving average of $42.81. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of -207.41 and a beta of 0.64.

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

Analysts Set New Price Targets

INTA has been the subject of several research analyst reports. Barclays boosted their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price target on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Raymond James increased their target price on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.55.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after purchasing an additional 1,501,091 shares in the last quarter. Luxor Capital Group LP acquired a new position in Intapp in the third quarter worth approximately $47,837,000. FMR LLC grew its position in Intapp by 7.8% in the third 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 last quarter. Loomis Sayles & Co. L P lifted its position in shares of Intapp by 29.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Intapp by 64.0% during the 2nd quarter. Clearbridge Investments LLC now owns 772,255 shares of the company’s stock worth $28,319,000 after acquiring an additional 301,238 shares in the last quarter. 89.96% of the stock is 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.