Thad Jampol Sells 20,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) insider Thad Jampol sold 20,000 shares of Intapp stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the completion of the transaction, the insider now owns 828,197 shares in the company, valued at approximately $51,223,984.45. This trade represents a 2.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, December 9th, Thad Jampol sold 20,000 shares of Intapp stock. The stock was sold at an average price of $67.97, for a total value of $1,359,400.00.
• On Thursday, November 21st, Thad Jampol sold 20,174 shares of Intapp stock. The shares were sold at an average price of $59.30, for a total value of $1,196,318.20.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $67.05 on Friday. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of -231.21 and a beta of 0.73. The business has a 50 day simple moving average of $62.75 and a 200 day simple moving average of $49.51. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $71.34.

Intapp (NASDAQ:INTA) last announced its quarterly 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. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the prior year, the business posted ($0.20) EPS. Intapp’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts predict that Intapp, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

INTA has been the topic of several recent analyst reports. Piper Sandler restated an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. JPMorgan Chase & Co. boosted their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Barclays raised their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Citigroup upped their price target on Intapp from $63.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.64.

Institutional Trading of Intapp

A number of institutional investors and hedge funds have recently made changes to their positions in INTA. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 527 shares in the last quarter. Quest Partners LLC bought a new position in shares of Intapp in the third quarter valued at approximately $54,000. Financial Management Professionals Inc. acquired a new stake in shares of Intapp in the third quarter worth $57,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Intapp during the 3rd quarter worth $64,000. Finally, Advisors Asset Management Inc. grew its stake in Intapp by 59.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after buying an additional 519 shares during the last quarter. Institutional investors and hedge funds 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.