Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald Sells 3,000 Shares

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 3,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $63.53, for a total transaction of $190,590.00. Following the sale, the chief marketing officer now owns 42,212 shares in the company, valued at $2,681,728.36. The trade was a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Scott Fitzgerald also recently made the following trade(s):

• On Thursday, November 21st, Scott Fitzgerald sold 5,221 shares of Intapp stock. The stock was sold at an average price of $59.30, for a total transaction of $309,605.30.

Intapp Trading Up 3.6 %

Shares of NASDAQ:INTA traded up $2.36 during midday trading on Wednesday, reaching $67.59. The company had a trading volume of 575,477 shares, compared to its average volume of 638,339. The company’s 50 day moving average price is $53.18 and its 200 day moving average price is $43.59. The stock has a market cap of $5.23 billion, a P/E ratio of -232.21 and a beta of 0.74. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $67.73.

Intapp (NASDAQ:INTA) last issued its quarterly 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. The company had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.20) EPS. Research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of research reports. UBS Group increased their target price on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Raymond James raised their price objective on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Citigroup raised their price objective on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Barclays raised their price objective on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus raised their price objective on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.55.

Institutional Investors Weigh In On Intapp

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Intapp by 7.8% during the third quarter. FMR LLC now owns 5,658,957 shares of the company’s stock valued at $270,668,000 after buying an additional 411,434 shares during the period. Bamco Inc. NY grew its position in Intapp by 1.2% during 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 grew its position in Intapp by 15.3% during the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after acquiring an additional 256,327 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after purchasing an additional 343,275 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Intapp by 9.9% during the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after purchasing an additional 95,035 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.