Ralph Baxter Sells 5,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) Director Ralph Baxter sold 5,000 shares of Intapp stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $68.24, for a total transaction of $341,200.00. Following the completion of the transaction, the director now owns 9,441 shares of the company’s stock, valued at $644,253.84. This trade represents a 34.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

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

Intapp Stock Performance

Shares of INTA opened at $68.63 on Friday. The business’s fifty day moving average is $56.35 and its 200-day moving average is $45.23. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of -236.66 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 issued its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same quarter last year, the business posted ($0.20) earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, research analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp increased its holdings in Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares during the period. Farther Finance Advisors LLC lifted its stake in Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares during the period. Blue Trust Inc. bought a new position in Intapp during the second quarter worth $30,000. Comerica Bank boosted its position in shares of Intapp by 218.4% during the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after purchasing an additional 865 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Intapp in the third quarter valued at approximately $54,000. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

INTA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Barclays boosted their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Truist Financial upped their target price on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus lifted their price objective on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Raymond James boosted their target price on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.09.

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.