Ralph Baxter Sells 9,289 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 9,289 shares of Intapp stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $70.14, for a total value of $651,530.46. Following the transaction, the director now owns 9,441 shares of the company’s stock, valued at approximately $662,191.74. This represents a 49.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Ralph Baxter also recently made the following trade(s):

• On Tuesday, December 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The shares were sold at an average price of $68.24, for a total transaction of $341,200.00.
• On Wednesday, November 6th, Ralph Baxter sold 50,000 shares of Intapp stock. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00.
• On Thursday, October 10th, Ralph Baxter sold 5,000 shares of Intapp stock. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00.

Intapp Stock Down 3.7 %

Shares of NASDAQ INTA opened at $65.80 on Wednesday. The firm has a 50-day simple moving average of $57.25 and a 200-day simple moving average of $45.78. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of -226.90 and a beta of 0.74. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $71.34.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $118.81 million during 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%. Intapp’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.20) EPS. As a group, equities research analysts expect that Intapp, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

INTA has been the subject of several recent analyst reports. Truist Financial lifted their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Piper Sandler restated an “overweight” rating and issued a $60.00 price objective (up from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Raymond James boosted their price target on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Citigroup upped their price objective on shares of Intapp from $63.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Intapp currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.27.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Intapp during the 2nd quarter valued at about $30,000. Quest Partners LLC purchased a new stake in shares of Intapp in the third quarter valued at about $54,000. Financial Management Professionals Inc. acquired a new stake in Intapp during the third quarter worth about $57,000. Finally, Comerica Bank raised its stake in Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.