Insider Selling: Intapp, Inc. (NASDAQ:INTA) CEO Sells 61,842 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CEO John T. Hall sold 61,842 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $59.68, for a total value of $3,690,730.56. Following the completion of the sale, the chief executive officer now owns 5,030,432 shares in the company, valued at $300,216,181.76. This represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Intapp Price Performance

NASDAQ INTA traded up $1.40 during trading hours on Tuesday, hitting $61.32. The company’s stock had a trading volume of 412,900 shares, compared to its average volume of 640,753. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $61.37. The company’s 50 day simple moving average is $51.57 and its two-hundred day simple moving average is $42.52. The company has a market cap of $4.75 billion, a P/E ratio of -206.62 and a beta of 0.64.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) EPS. As a group, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on INTA shares. UBS Group upped their price target on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a research note on Tuesday, November 5th. Citigroup increased their price objective on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Raymond James upped their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their target price on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.55.

Institutional Investors Weigh In On Intapp

A number of large investors have recently made changes to their positions in INTA. FMR LLC lifted its holdings in Intapp by 7.8% in the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares in the last quarter. Vanguard Group Inc. increased 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 during the last quarter. Bamco Inc. NY increased its position in shares of Intapp by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock valued at $136,337,000 after purchasing an additional 34,409 shares during the last quarter. Praesidium Investment Management Company LLC increased its position in shares of Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Intapp by 29.9% in 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. 89.96% of the stock is currently owned by institutional investors.

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.